After the US launched an operation against Iran and blocked the Strait of Hormuz, world oil prices rose sharply, benefiting the Russians. Moreover, the US temporarily lifted sanctions on the Russian oil industry.
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According to news.sky.com, Russia, which was under increasing sanctions pressure just two weeks ago, is already reaping the benefits of increased oil revenues.
The publication emphasizes that it is not only about the increase in the price of Urals oil, but also a sharp decrease in the discounts that Russia was forced to offer to buyers due to sanctions pressure. The restrictions on Russians were imposed due to the war of aggression that the Russian Federation is waging in Ukraine. And now it is stated that the Kremlin has received a “windfall profit.”
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The article cites data from the Center for Research and Clean Air (CREA), which showed that last year Russia's oil revenues fell by 18%, in January of this year they continued to decline, and after the start of the US and Israeli military operation in the Middle East, exports from northern Russian ports increased by 24%.
Read the article “US loosens restrictions on Russian oil exports due to rising prices, but there is a nuance” on our website.
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