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U.S. Sanctions Choke Russian Global Oil Supply, Flows Plunge

U.S. Sanctions Choke Russian Global Oil Supply, Flows Plunge
U.S. sanctions targeting major Russian oil companies, including Rosneft and Lukoil, have led to a significant decline in Russian crude oil exports. According to Kpler data, global flows of Russian oil have plunged sharply, with weekly export revenues falling to their lowest levels since early 2023.