Oil exports bring Russia record $2.75bn in a week

Maximum revenues since the start of the full-scale invasion

The Russian Federation reached an all-time high in weekly revenues from foreign economic activity in the oil export sector since the start of the full-scale war. This was reported by the analytical agency Bloomberg.

Indicators for the week ending 27 September

According to the data, for the period ending 27 September, the average daily volume of Russian oil exports was 3.99 million barrels. The total value of hydrocarbons supplied during this time reached $2.75bn.

Factors behind the revenue growth

Experts note several key reasons that contributed to this surge in financial indicators:

• Prices for Russian raw materials remained in the range of $110–120 per barrel.
• A general rise in the price of the Brent benchmark on the global market, caused by the escalation of the situation in the Middle East.
• An increase in export volumes, driven by technical difficulties at refineries and the introduction of restrictions on diesel fuel supplies.