oil export

Russia cuts oil exports

Russia cuts oil exports

Alexander Novak announced the reduction of Russian oil exports on a voluntary basis. According to him, it will be done to balance the oil market.

Russia loses money on decline in energy exports

Russia loses money on decline in energy exports

According to the data of the Federal Customs Service (FCS), in 2020, Russia lost significant revenues due to a decrease in energy exports amid the coronavirus pandemic and a drop in demand. So, in January-October 2020, oil exports from …