Report: Russia is Losing $170M a Day Due to Oil Price Cap

Russia continues to export millions of barrels of oil each day after the implementation of the G7/EU price cap on its exports – but it is not making as much money as it used to, according to a new study. 

Analysts at Finland’s Centre for Research on Energy and Clean Air (CREA) estimate that the falling price for Russian crude oil is costing Russia more than $195 million a day.


View entirety: The Maritime Executive