West’s oil war against Russia losing momentum – think tank ...News

Moscow’s energy revenues rebounded in April to their highest levels since last November, the Finland-based CREA has found Russia’s earnings from oil exports have been on the rise in recent months despite the G7 price cap and other restrictions imposed by the West, a new study by the Finnish Centre for Research on Energy and Clean Air (CREA) has found. According to the think tank, Russia’s oil revenues began recovering in March after a sharp drop in February when the G7 price caps on the country’s oil and refined petroleum products and the EU import ban on its seaborne oil took effect. In April, revenues rose a fur

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