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).
Already a subscriber?Log in here
Read the whole article
Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
With your free trial you get:
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers
Start a free company trial todayRelated articles:
Russian oil gets more pricey as pool of Asian buyers expands
For subscribers
More than 140 tankers are now exporting Russian oil
For subscribers
.jpg&w=384&q=75)
