Politics
Russian oil revenues in January close to the low for the year
Russia's oil revenues in the state budget were close to an annual low in January due to weaker global crude oil prices.
2/6/2025
However, the figures do not yet reflect the impact of the wide-ranging US sanctions imposed on the Russian oil industry last month, as the Treasury Department calculated oil cash flows based on December production and prices.In January, as President Joe Biden left the White House, his administration imposed the most aggressive sanctions yet on the…
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