US EditionFour years into war, Russia's energy revenues drop but oil keeps flowing
Russia's oil export volumes are 6% above pre-invasion levels due to redirected sales and a shadow fleet while revenues fell 18% to €85.5 billion amid Western sanctions.
- On February 24, 2026, the Centre for Research on Energy and Clean Air reported Russia's energy export revenues fell 27% to 193 billion euros in the year ended February 24, 2026.
- Faced with restrictions, Moscow began redirecting most seaborne crude to China, India and Turkey, relying on a shadow fleet of ageing tankers to evade Western countries' sanctions.
- Crude receipts fell 18% to €85.5 billion, while Russia's crude export volumes stayed 6% above pre-invasion levels at 215 million tonnes.
- The European Union is discussing a sweeping ban on businesses supporting Russian seaborne crude exports, but Hungary vetoed sanctions on Monday, Levi said, `We propose a ban of imports from any refinery or storage terminal that has received a shipment of Russian oil in the previous six months`.
- Tougher restrictions this year could hit Russian fuel exports harder, U.S. President Donald Trump tied an India trade deal to diversifying from Russian crude, and the EU lists 598 vessels risking European and UK coastlines.
33 Articles
33 Articles
Despite a decline in 2025, Russian crude exports remain 6% higher than pre-war levels, despite Western sanctions against the "phantom fleet", according to the Centre for Energy and Clean Air Research (CREA).
Radio France Internationale
France24
Newsbug.info
Despite drop in 2025, Russian oil exports exceed pre-war volumes: report
While Russian oil exports dropped last year, Russia is still exporting higher volumes than before its invasion of Ukraine in 2022, researchers said Tuesday, calling for stricter sanctions enforcement.
Despite a decline last year, Russia still exports more crude oil than before its invasion of Ukraine in 2022, shows a report by a Finnish think tank published on Tuesday.
Four years after the start of Moscow's invasion of Ukraine, Russia's oil and gas export revenues have fallen over the past 12 months, despite an increase in volumes
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