Sanctions finally squeezed Russia’s oil revenues in half. Then Iran sent prices back up—three weeks too late.
The Iran windfall arrived three weeks after Q1 closed. Now Moscow is eyeing the war budget.
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Russian revenue drop
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Kremlin’s oil revenues drop by nearly 33% — but Trump’s sanctions threaten even more pain
With oil and gas revenues down 27%, the Kremlin braces for fresh US measures targeting not only Moscow but also its energy partners.