How Long Can Russia Hold outThe Russian Energy minister stated that Russia can hold out at $25 a bbl for 10 years. Probably not as the oil and gas industry accounts for between 16 and 30 % of GDP depending on info source and between 30 and 50Percent of export revenue. The Russian GDP is 1.6 trillion US and comes in at 11th place in the world. Conclusion: At some point the national budget takes precedence over the operation of the oil industry. Hopefully this happens sooner rather than later.