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.
One year after the introduction of the Russian crude oil price cap, Moscow’s circumvention strategies are calling into question the effectiveness of Western sanctions.
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