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Russia's oil export revenue surged to $19 bn in March during Mideast war: IEA

World News

14-04-2026 | 05:18

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Russia's oil export revenue surged to $19 bn in March during Mideast war: IEA

Russia nearly doubled its oil export earnings in March as it was granted sanctions relief to offset soaring energy prices amid the war in the Middle East, the International Energy Agency said Tuesday.

The country earned $19 billion last month as crude and oil product exports rose to 7.1 million barrels per day (mb/d), an increase of 320 thousand barrels a day from February levels.

The United States eased some restrictions on sales of Russian crude imposed over its war against Ukraine, allowing countries to purchase oil that was already at sea until April 11.

AFP

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