IEA: Russia’s oil revenue drops sharply as price caps work
In February 2023, cashflow stemming from international oil sales in Russia are at USD 11.6 billion, down by more than 40 percent from the previous year.
By Bloomberg News
Russia’s oil-export revenue fell to lowest in more than a year in February as buyers of the nation’s barrels largely complied with price caps and sanctions, according to the International Energy Agency (IEA).
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