Russian Oil Export Revenues Fall to Lowest Level Since Ukraine War

LootboxPhobia · 2026-03-12T11:51:04+00:00

The International Energy Agency reported that Russia's crude oil and refined product exports, as well as revenues, fell to their lowest levels since the Ukraine conflict in February, with export volumes declining to 4.2 million barrels per day. Commodity revenues are critical to Russia's military spending.

LootboxPhobia

2026-03-12 11:51:04

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Investing.com – The International Energy Agency reported on Thursday that Russia’s crude oil and refined petroleum product exports and revenues in February fell to their lowest levels since the outbreak of the Ukraine conflict in 2022.

The Paris-based IEA stated that Russia’s crude oil exports last month decreased by 410,000 barrels per day from January, to 4.2 million barrels per day.

Commodity revenues are a vital part of Russia’s national budget and are crucial for supporting its growing military expenditures. The IEA noted that since the outbreak of the Iran war in late February, Russian oil prices and revenues have increased.

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