Russia Today on Nostr: West’s Oil War Against Russia Losing Momentum — Think Tank Russia’s earnings ...
West’s Oil War Against Russia Losing Momentum — Think Tank
Russia’s earnings from oil exports have risen in recent months despite the G7 price cap and other restrictions imposed by the West, a new study by the Finnish Centre for Research on Energy and Clean Air (CREA) has found.
According to the think tank, Russia’s oil revenues began recovering in March after a sharp drop in February when the EU restrictions were imposed. In April, incomes rose a further 6% month-on-month, reaching their highest level since last November.
Experts say that while the current revenues are still substantially below where they were at the same time last year, the upward trend indicates that Western sanctions on Russia’s oil exports are losing momentum. They noted that further recovery in Russia’s oil earnings “would damage the impact and credibility of the sanctions.”
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Russia’s earnings from oil exports have risen in recent months despite the G7 price cap and other restrictions imposed by the West, a new study by the Finnish Centre for Research on Energy and Clean Air (CREA) has found.
According to the think tank, Russia’s oil revenues began recovering in March after a sharp drop in February when the EU restrictions were imposed. In April, incomes rose a further 6% month-on-month, reaching their highest level since last November.
Experts say that while the current revenues are still substantially below where they were at the same time last year, the upward trend indicates that Western sanctions on Russia’s oil exports are losing momentum. They noted that further recovery in Russia’s oil earnings “would damage the impact and credibility of the sanctions.”
Follow on https://obo.sh/@russiatoday **rt**
#russia #news #freedom