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flag Russian oil exports rose 6% post-invasion but revenues fell 18% due to Western sanctions and price discounts.

flag In the year ending February 24, 2026, Russian crude oil exports were 6% higher than they were prior to the invasion, but revenues fell 18% to €85.5 billion as a result of sharp price reductions brought on by Western sanctions. flag Due to the G7 price cap and limited access to Western shipping and insurance, exports are significantly discounted—Urals crude trades $30.62 below Brent—despite a 6% volume increase to 215 million tonnes. flag While Hungary's veto has prevented the EU from considering a ban on services for Russian seaborne crude, Russia continues to route oil to China, India, and Turkey through a shadow fleet. flag Because of loopholes that allow for continued high exports despite lower revenue, analysts call for stricter enforcement, including targeting refineries that process Russian oil.

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