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Russian Oil Revenues Hit Five-Year Low

Russian Oil Revenues Hit Five-Year Low
Russia’s oil and gas revenues have collapsed to levels not seen in over five years, Squeezed by western sanctions, weaker global prices and a stronger Russians Rouble. This shortfall is straining Moscow’s budget and could have ripple effects on the global energy landscape and geopolitical tensions. Russia’s state income from oil and gas, a cornerstone of its economy, has dropped sharply.

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