Rosneft reports 70% fall in 9-month net income to 277 billion roubles

Russia"s largest oil producer, Rosneft, reported a 70% decline in its net income for the first nine months of 2025. The company announced that its net income fell to 277 billion roubles (approximately $3.57 billion) compared to the same period last year. This significant decrease is attributed to high interest rates, lower oil prices, and a stronger rouble, according to a statement released by the company on Friday.