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by Animatronio
1119 days ago
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Some would disagree with this take: https://www.cnbc.com/2023/05/24/ukraine-the-wests-oil-war-ag... Analysis published Wednesday by the Centre for Research on Energy and Clean Air, an independent Finnish think tank, found that Russia’s revenues from oil exports have recovered from levels reached in January and February. The findings show that Moscow has been able to successfully claw back earnings from fossil fuel exports in recent weeks despite the imposition of import bans from the European Union and a broader G7 oil price cap late last year. Energy analysts at CREA suggested the failure from the so-called Price Cap Coalition to revise price levels and enforce the policy had resulted in the measures “losing traction, integrity and credibility.” |
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No they would not. From the link you provided:
> “Russia’s export revenue in April was down substantially year-on-year, mainly due to the impact of the EU import ban and lower oil prices. This means that Russia’s budget will likely stay in deficit, constraining military expenses,” said Lauri Myllyvirta, lead analyst at CREA and co-author of the report.