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  • Russia’s Oil Revenues Surge as the World Scrambles for Supply

    05/04/2026 9:02:47 AM PDT · by delta7 · 9 replies
    Oilprice ^ | 2 May 26 | Felicity Bradstock
    Asian economies are dramatically increasing imports of discounted Russian crude amid global supply disruptions. A temporary U.S. sanctions waiver is enabling more Russian oil to flow into global markets. The shift risks boosting Moscow’s war revenues while exposing the limits of Western energy sanctions. Following the Russian invasion of Ukraine in 2022, several major world powers introduced strict sanctions on trade with Moscow. .. However, some countries, such as India and China, have used these sanctions as an excuse to buy discounted crude and gas from Russia, in a bid to reduce costs and boost energy security. Imports of Russian...