Russia's Oil Revenue Sinks As West Tightens Sanctions: Energy Body
NDTV
Russia, however, was still shipping "roughly the same" amount of oil to world markets, according to the IEA, which advises wealthy nations.
Russia's oil export revenue sank 42 percent in February as Western powers tightened sanctions on the country in the wake of the Ukraine war, the International Energy Agency said on Wednesday.
The country earned $11.6 billion from its oil exports last month after the European Union imposed a ban on Russian petroleum products alongside a price cap agreed with the Group of Seven and Australia, according to the IEA.
This was down from $14.3 billion in January and a 42 percent drop from $20 billion in February last year.
Russia, however, was still shipping "roughly the same" amount of oil to world markets, according to the IEA, which advises wealthy nations.
