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The Guardian - UK
The Guardian - UK
World
Simon Goodley

Russia earned €6bn from fossil fuel exports since start of Iran war, data suggests

United States Russia Iran Oil Israel Coal CREA Ukraine
General view of the Orsknefteorgsintez oil refinery in Orsk, Russia
Russia’s commodity revenues are seen as a vital part of its state budget, used to fund military spending, including its war in Ukraine. Photograph: Reuters

Russia has received €6bn (£5bn) from selling its fossil fuels in the fortnight since the start of the US-Israel war with Iran, data suggests.

The revenues imply Russia made an extra €672m in oil, gas and coal sales during March, as combined average daily prices have surged by 14% from February.

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