Oil-price spike fuels Kremlin windfall as US-Iran tensions widen war financing
TL;DR
A CREA analysis found Russia earned about €6 billion more in two weeks of fighting amid a spike in oil prices caused by the US-Iran conflict, equating to roughly €510 million per day and potentially funding thousands of Shahed drones; the report warns that easing sanctions on Russian oil would give Moscow a major financial windfall and could prolong the war.
- Russian oil revenue soars as prices spike amid US-Iran war, analysis finds The Kyiv Independent
- How Trump’s Iran exposure could hand Putin a lottery win CNN
- Russia rakes in $150mn a day in extra revenue from surging oil prices Financial Times
- Did the Mideast Conflict Just Rescue Russia’s War Budget? The Moscow Times
- Russia and oil exporters are winning the Iran war Axios
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Read on The Kyiv Independent