Latest News

Russia's oil revenue sinks as price cap bites: IEA
Russia's oil revenue sinks as price cap bites: IEA
Business and Economy
by  AFP

Russia's oil-export revenue sank by almost half in February compared to last year as Western powers tightened sanctions on the country, the International Energy Agency said on Wednesday. Western powers set a price cap in February of $100 per barrel for more expensive fuel like diesel and $45 on lower-quality products such as fuel oil.