Oil exports have been a cash cow for Russia. But revenues are dwindling, thanks to sanctions

https://apnews.com/article/russia-oil-sanctions-ukraine-trump-putin-d4db8311f04f70981b6e6a1caee3920e

Oil and gas exports have sustained Russia’s finances throughout its war against Ukraine. But as the fourth anniversary of the full-scale invasion approaches, those cash flows have suddenly dwindled to lows not seen in years.

51 points · 3 comments · view on lemmy.world

3 Comments

Hirom@beehaw.org · 10 pts · 202d

on Jan. 21 the EU began banning fuel made from Russia crude

Better late than never.

snoons@lemmy.ca · 7 pts · 202d

and deftly placed explosives.

testaccount372920@piefed.zip · 2 pts · 202d

They're still making a lot of money from it. Limiting those exports even further would be great.