Russian Oil Export Revenues Tank for Third Consecutive Month

[ad_1]

The Worldwide Vitality Company (IEA) mentioned Thursday that Russia’s oil export revenues dropped in November to their lowest month-to-month degree since Moscow launched its full-scale invasion of Ukraine.

November is at least the third consecutive month for which this was the case, with Russia’s oil export revenues apparently following a downward pattern.

JOIN US ON TELEGRAM Observe our protection of the battle on the @Kyivpost_official .

As per Euractiv , Russia’s whole income in November was $11 billion – $3.6 billion beneath final yr’s determine.

Russian oil exports have been hit onerous in latest months, each by Ukrainian strikes on Russian oil refineries and worldwide sanctions.

As per Ukrinform , the IEA report confirmed that Ukrainian assaults on Russia’s “shadow fleet” and offshore oil services led to a discount of just about half of Russian oil exports by means of the Black Sea in November.

Additionally on Thursday, the Armed Forces of Ukraine (AFU) struck targets across western and central Russia , igniting fires at 5 Russian power manufacturing services.

Based on the Saratoga Basis, a US-based thinktank, Ukraine’s naval drones are threatening Russia’s oil export routes.

Saratoga Basis President Glen Howard told Kyiv Post on Sunday that Ukraine’s assaults on Russia’s shadow fleet are forcing Moscow to both “sit again and watch Ukraine assault its shadow fleet community, or come out of its protecting harbors and supply an escort for the tankers – thereby placing the warships in danger.”

Different Subjects of Curiosity

Putin Expresses Solidarity With Venezuela as US-Led Ukraine Talks Continue The White Home press secretary mentioned on Thursday night that Trump is “extraordinarily annoyed” with each Kyiv and Moscow.

In late October, US President Donald Trump imposed the primary main sanctions on Russia of his second presidential time period – targeting Rosneft and Lukoil , two Russian oil giants.

Lukoil was subsequently forced to put its foreign assets up on the market. In the meantime, Bulgaria’s parliament seized control of the Burgas oil refinery – owned by Lukoil, and the nation’s solely – to make sure its operations continued easily.