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Russia's oil exports plunge on EU price cap and latest round of sanctions

Dec 8 2022 by Business Insider

Russian President Vladimir Putin

Pavel Golovkin/AP Photo

Russia's oil exports have plunged amid the latest round of western sanctions. According to data from Kpler, Russian seaborne oil shipments fell 16% on Tuesday. Russia's central bank has called the sanctions "new economic shocks" that could derail the economy.

Russia's oil exports have plunged amid the European Union's price cap on Russian crude and the latest round of sanctions, squeezing revenues for Moscow's wartime...

Continue Reading Russia's oil exports plunge on EU price cap and latest round of sanctions

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Russia's oil exports plunge on EU price cap and latest round of sanctions

Dec 8 2022 by Business Insider

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