The Wall Street JournalThe Wall Street Journal

Russia confounds the West by recapturing Its oil riches

By Joe Wallace and Anna Hirtenstein

29 Aug 2022 · 6 min read

Despite a planned EU ban on Russian oil, Russia is raking in more oil revenue than ever before. The WSJ explains how this is possible.

Curated by informed

Russia pumps almost as much oil into the global market as it did before its invasion of Ukraine. With oil prices up, Moscow is also making more money.

Demand from some of the world’s largest economies has given Russian President Vladimir Putin the upper hand in the energy battle that shadows the war in Ukraine, and has confounded the West’s bid to cripple Russia’s economy with sanctions.

The news, curated.

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