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Thursday, April 9, 2026

Russia’s oil and gas revenue plunged 40% in January as western sanctions take a toll, IEA says

Russia’s oil and gas revenue plunged 40% in January, a sign that the nation’s exports are feeling the squeeze of western sanctions, the International Energy Agency said. According to IEA data, Russia’s oil and gas exports pulled in $18.5 billion in January – a 38% decline from January of last year, …

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