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

flag Russian crude oil exports remained 6% above pre-invasion levels in the year ending Feb. 24, 2026, but revenues dropped 18% to €85.5 billion due to steep price discounts from Western sanctions. flag Despite a 6% volume increase to 215 million tonnes, exports are heavily discounted—Urals crude trades $30.62 below Brent—due to the G7 price cap and restricted access to Western shipping and insurance. flag Russia continues routing oil via a shadow fleet to China, India, and Turkey, while the EU considers a ban on services for Russian seaborne crude, stalled by Hungary’s veto. flag Analysts urge stronger enforcement, including targeting refineries that process Russian oil, as loopholes allow continued high exports despite reduced revenue.

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