Two countries may start a battle for Russian oil: how many millions does the Kremlin earn per day
The article discusses the potential financial gains Russia stands to make from oil sales amid the ongoing conflict, particularly focusing on the competition between India and China to secure Russian crude oil.
The article examines the financial implications of Russia's oil revenues in light of the ongoing conflict, particularly noting that within the first 12 days of the war, Moscow earned approximately $1.3 to $1.9 billion. Due to a spike in demand for Russian barrels, as well as a shift from discounts to premiums, itโs projected that additional revenue in March could reach between $3.3 and $4.9 billion if oil prices hover around $70 to $80 per barrel. This revenue is expected to be reflected in the budget in April, as March's income will rely on the average price from February, which was about $45 per barrel.