The value of Russian crude oil exports by sea has been trending downward for more than 13 months.
28.05.2025
Russia’s revenues from crude oil exports fell to a two-year low – after a new drop in crude oil prices, Bloomberg reported on May 28.
According to tracking data on tankers carrying Russian oil collected by the publication, in the four weeks to May 25, the average volume of shipments was 3.39 million bpd (10,000 bpd less than in the period to May 18). However, the total value of those cargoes was the lowest since April 2023, Bloomberg writes.
Russian oil export revenues fell $20 million, or 1 percent, to $1.26 billion in the week ended May 25, the publication noted.
In addition, Bloomberg writes that the value of Russian crude oil exports by sea has been trending downward for more than 13 months.
Since export earnings reached about $1.95 billion a week during the 28-day period through April 21, 2024, the price of Russian crude has fallen 28 percent and shipments are down about 8 percent, the publication noted.
“It’s not clear whether sanctions (against Russia – ed.) have played a significant role in any of these trends. Nevertheless, the G-7 countries are considering lowering the price cap, above which Russian oil exports cannot use Western vessels or services, from the current level of $60 to $50 a barrel,” Bloomberg reported.
https://charter97.org/en/news/2025/5/28/642284
Most of mafia land is already on par with most African countries. The drop in revenue and the massive expenses for this criminal war will make the shithole shittier than ever before.
ruSSia’s backbone is China. If Putin falls China will take his place – including North Korea and Iran. I’m tired of ‘ruSSia is finished’ bullshit while Ukrainians keep dying and Zelensky doing NOTHING to stop rhis!
I think we all are tired, Mike, including of the West’s perpetual spinelessness.
Yeah. Sorry for being more radical and direct recently, but Ukrainian lives do matter.
No need to apologize, my friend. Three years of war will frazzle anyone’s nerves who has compassion.
11 years, bro! Thanks for not writing me off. If the West had ballz we would all meet for a beer fest instead of commenting on one tragedy after another. ✌
Yes, I stand corrected. Of course, I meant three years of full-scale war. Saying if the West had balls is like saying if Santa were real.