Russia Doesn’t Need Our Business

It is making more on oil and gas now than before the Ukraine war.

Russia is earning more money on oil and gas exports than last year, even with a decreased volume of sales. So far in 2022, Russia has earned an average of $20 billion per month, compared with the 2021 average of $14.6 billion—despite exports being three quarters of last year’s volumes. Data from the International Energy Agency (IEA) oil market reports show that this July, Russia exported 7.4 million barrels per day on average compared to 9.6 million last July. In the first 100 days after the invasion of Ukraine, Russia earned $93.4 billion from oil and gas exports alone, according to the Center for Research on Energy and Clean Air.

more at “Russia Doesn’t Need Our Business”

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