"Ukraine's long-range strike campaign has deprived Russia of significant oil revenue, with losses estimated at no less than $2.3 billion in March alone. This effort aims to prevent Russia from offloading oil onto tankers amid rising global prices."
"Despite the US waiving sanctions on Russian oil to ease global crude prices, reports suggest that Russian oil exports have declined sharply, potentially reaching their lowest levels since 2023."
"By the end of April, Russian oil exports could fall to their lowest levels since 2023, with production cuts of 300,000 to 400,000 barrels a day being reported."
Ukraine's intensified long-range strike campaign against Russian port and energy infrastructure has significantly impacted Russian oil exports. In March, Russia's oil revenue losses were estimated at $2.3 billion. The US waived sanctions on Russian oil to alleviate global crude prices, but this has not benefited Russia. Reports indicate that Russian oil exports could fall to their lowest levels since 2023, with production cuts of 300,000 to 400,000 barrels a day. April may have been worse than March for Russian oil exports.
Read at www.aljazeera.com
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