The Kremlin plans to accelerate gas price indexation for industry—by 10% twice a year. This move aims to at least partially compensate for the expected losses of Gazprom due to reduced exports to Europe. The company forecasts a drop in revenues of $190 billion by 2035. The current gas price for industrial consumers in Russia is $83 per 1,000 cubic meters. According to the existing government plan, tariff growth from 2025 to 2028 was supposed to be gradual: 10.3% in 2025, 10.6% in 2026, 9% in 2027, and 7% in 2028.
In addition to industry, the tariff hike will also affect the general population. The overall increase in 2025–2028 will reach 42.2%, and taking into account the changes since the start of the full-scale war against Ukraine—about 76%.
Due to limited export routes, the domestic market is gaining strategic importance for Gazprom. At the same time, the company lacks pricing autonomy—tariffs are approved by the government and the antitrust service.
Higher gas prices will fuel inflation, raise production costs, and reduce the competitiveness of products, further deepening the structural problems of the Russian economy.
