Drastic decline in Russian oil revenues due to sanctions
21/12/2023
Russia is facing a drastic 32% drop in oil revenues by 2023, as a direct consequence of the price caps imposed by the G7, the EU and Australia.
Russia is facing a drastic 32% drop in oil revenues by 2023, as a direct consequence of the price caps imposed by the G7, the EU and Australia.
The G7, under the Japanese presidency, is stepping up restrictions on Russian oil, aimed at limiting evasion and reinforcing the effectiveness of price caps.
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