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Russia rakes in more oil revenue than ever – WSJ

Mounting oil demand from some of the world’s biggest economies has helped Russia to export almost as much crude as it did before the conflict in Ukraine and subsequent Western sanctions, the Wall Street Journal reported on Monday. On top of this, rising global crude prices, which have currently settled …

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G7 in talks to curb Russia’s oil revenue – Reuters

The Group of Seven (G7) leaders are holding “very constructive” talks about a potential cap on the price of Russian oil imports, Reuters reported ahead of the group’s summit on Sunday, citing a German government official. “We are on a good path to reach an agreement,” the official said. US …

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US admits Russia’s energy revenue increased after sanctions

Russia is now getting more money from its fossil fuel trade than it did before the start of its military operation in Ukraine, which prompted some Western nations to target Moscow with a barrage of sanctions, US Senior Advisor for Global Energy Security Amos Hochstein told American senators on Thursday. …

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US wants to limit Russia’s oil revenue without interrupting supplies

The United States is involved in “extremely active” discussions with European countries aimed at limiting the revenues Russia can generate from selling oil without interrupting supplies, US Treasury Secretary Janet Yellen said on Tuesday, according to Reuters. Yellen reportedly told the Senate Finance Committee that US officials were keen to …

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Russia’s oil revenue soars despite sanctions – Bloomberg

Russia’s oil export revenue has jumped some 50% since the beginning of 2022, Bloomberg reports, citing data from the International Energy Agency (IEA). According to the agency’s monthly market report, Moscow has earned some $20 billion each month this year from sales of crude oil and oil-related products. The earnings …

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Visa gives forecast on restoring revenue lost due to Russia exit

US-based card company Visa will be able to restore the revenue it lost by pulling out of Russia amid Ukraine-related sanctions within a year, the company’s Chief Financial Officer Vasant Prabhu said this week, as cited by the Wall Street Journal. Visa, along with rival Mastercard, suspended ties with Russia …

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Gazprom’s revenue surges 84% on booming gas exports

Statistics showed that the physical volume of gas exports during the reported period reached 123.8 billion cubic meters, marking a growth of almost 15%. In July, Gazprom exported $3.48 billion-worth of natural gas, a decrease of 2.1% on the previous month. According to data tracked by the customs service, the …

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