💰 Russia's oil and gas revenue plunged 40% in January as western sanctions take a toll, IEA says

TL;DR

Russia's oil and gas revenue plunged 40% in January, a sign that the nation's exports are feeling the squeeze of western sanctions, the International Energy Agency said. European Union ban and $60 price cap on Russian crude that kicked in toward the end of 2022.  Russian diesel are stranded at sea due to a lack of buyers, according to Kpler data

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