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The Independent UK
The Independent UK
National
David McHugh

Russian oil revenue plummets as sanctions target Putin’s cash cow

Russia's crucial oil and gas revenues, which have sustained its war against Ukraine, have suddenly dwindled to multi-year lows as the fourth anniversary of the full-scale invasion approaches.

This sharp decline is the result of new punitive measures from the US and the European Union, tariff pressure from US President Donald Trump against India, and a tightening crackdown on the fleet of sanctions-dodging tankers carrying Russian oil.

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