Russia couldn’t fix its oil revenues. The US Air Force did it.
First-half March data show Russia’s fossil fuel revenues up 14%, as the Hormuz closure reversed India’s retreat from Russian crude.
Browsing Tag
sanctions relief
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Running restricted goods to Russia used to get you sanctioned. Apparently it now gets you unsanctioned.
Cleared entities include a Turkish network serving Russian intelligence services and a UAE firm that shipped manufacturing equipment to Russia.
The US waiver was meant to stabilize markets. Russia’s oil income jumped $890 million in a week.
Bloomberg data shows the $28 penalty Western sanctions built into every Russian barrel has nearly vanished.
Treasury trumpets Iran sanctions but delists ex-Sberbank executive quietly
The press release made no mention of delisting a former Sberbank executive.
ISW: Russia resists territorial compromises in future peace talks
Russian authorities are intensifying efforts to extract concessions from the US in ongoing bilateral negotiations, further delaying progress toward a peace.