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In June 2022, Russia booked almost twice the revenue (USD20.4bn) from such exports. Declining oil income poses a serious challenge to the administration of President Vladimir…
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DOI: 10.1108/OXAN-DB280900
ISSN: 2633-304X
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Russia has lost almost all its customers in Europe, which bought 48% of its crude exports by volume last year. To compensate, it has been sending more crude to Asian markets in…
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DOI: 10.1108/OXAN-DB274825
ISSN: 2633-304X
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Most of Russia’s hydrocarbon export revenues are generated from oil now that gas sales have collapsed. Ambitious state spending plans are based on oil revenues rising this year…
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DOI: 10.1108/OXAN-DB284811
ISSN: 2633-304X
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Collapsing oil production.
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DOI: 10.1108/OXAN-DB233461
ISSN: 2633-304X
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This is Russia’s drastic response to most developed states’ economic sanctions following the invasion of Ukraine. It means a new geography of foreign trade that will not only…
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DOI: 10.1108/OXAN-DB278226
ISSN: 2633-304X
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An EU ban on Russian refined oil and an accompanying price cap may do more immediate damage than earlier restrictions on crude, as petroleum products are more difficult to place…
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DOI: 10.1108/OXAN-DB276365
ISSN: 2633-304X
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The current account is showing a healthy-looking surplus as export commodities are priced high and imports shrink. That may change as sanctions bite into exports of oil and other…
European buyers are rushing to buy crude before EU sanctions take effect. Expectations of a hefty fall in Russian oil exports and output have not materialised, because China and…
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DOI: 10.1108/OXAN-DB272296
ISSN: 2633-304X
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Venezuela's beleaguered oil sector.
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DOI: 10.1108/OXAN-DB217979
ISSN: 2633-304X
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The St Petersburg economic forum.