The 'Oil Terminal' company in St. Petersburg, Russia. Anatoly Maltsev / EPA / TASS
New York Times: Russia's Oil Revenue Soars Despite Sanctions, Study Finds
Russia’s invasion of Ukraine triggered global condemnation and tough sanctions aimed at denting Moscow’s war chest. Yet Russia’s revenues from fossil fuels, by far its biggest export, soared to records in the first 100 days of its war on Ukraine, driven by a windfall from oil sales amid surging prices, a new analysis shows.
Russia earned what is very likely a record 93 billion euros in revenue from exports of oil, gas and coal in the first 100 days of the country’s invasion of Ukraine, according to data analyzed by the Center for Research on Energy and Clean Air, a research organization based in Helsinki.
About two-thirds of those earnings, the equivalent of about $97 billion, came from oil, and most of the remainder from natural gas.
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WNU Editor: The report is here .... Financing Putin’s war: Fossil fuel imports from Russia in the first 100 days of the invasion (CREA).
Update: India and China are now the two top customers for Russian oil .... China and India now account for about 50% of Russia's seaborne oil exports, as Asian demand props up Moscow's energy revenues (Business Insider).
Russia's Oil Revenues Continue To Soar Despite Sanctions
Ukraine war: Russia earns $97bn on energy exports since invasion -- BBC
Russia Earned $100B From Energy Exports in 100 Days of War – Research -- Moscow Times
Russia made £79.4bn in first 100 days of Ukraine war by selling oil and gas to the world -- SKY News
Russia earned £80bn from fossil fuel exports in Ukraine war’s first 100 days -- Independent
Russia Makes More Money on Fossil Fuels Than One Year Ago -- Statista
Germany slips behind China as top importer of Russian energy -- AP
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