US EditionBloomberg: Russian Oil Price Falls to Record Low
4 Articles
4 Articles
The price of Russian crude oil has fallen to its lowest level since the start of the war in Ukraine, according to Bloomberg. This is due to Western sanctions. The price is currently only around $40 per barrel.
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Russian oil prices have reached their lowest level since the beginning of the war in Ukraine. According to Bloomberg, this is a result of intensifying sanctions imposed by the United States and the European Union. More and more tankers carrying Russian oil are unable to find buyers and are adrift at sea for weeks. The decline in revenue from commodity exports is hitting the Kremlin's war budget.
The price of Russian oil fell to its lowest level since February 2022 — almost $40 per barrel, Bloomberg writes, citing data from Argus Media. The price is falling amid sanctions that force oil companies to increase discounts, as well as
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