Russia Rakes In Billions From Hormuz Blockade – German Trade Body

Tagesschau

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The actual closure of the Hormus road drives oil, gas and fertilizer prices. According to current calculations, Russia achieves billion-dollar additional revenues.

Kronen Zeitung

Right

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Iran has only a few oil tankers passing the Strait of Hormuz due to the war. This is equivalent to a blocking of the important export route. The profit of this is Russia, which collects additional billions through its own raw material exports – and thus finances the war of aggression against Ukraine. According to calculations by the German-Russian Chamber of Commerce, Russia's profits in the export of oil, gas and fertilizer amount to more than …

Handelsblatt

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The longer the road will be blocked by Hormus, the more Russia's raw material power benefits from rising prices. The German-Russian Chamber of Foreign Affairs has calculated what that means.

Die Presse

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The price of crude oil of the North Sea variety Brent with delivery in June has risen to more than 111 US dollars per barrel at the start of the week, almost 40 dollars more than before the start of the war.

Nettavisen

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– Russia is the big winner of the war Iran responded to the attacks by effectively closing the Strait of Hormuz, which caused global commodity prices to skyrocket. – Russia is the big winner of the war in the Middle East, says the head of the German-Russian Chamber of Commerce, Matthias Schepp, to DPA. With the high price level of oil and gas in the past month, Russia has been able to collect over 40 billion kroner extra on its exports, an unex…