The Finnish research institute, Centre for Research on Energy and Clean Air (CREA), has stated that Russia’s oil revenue losses to European Union sanctions will increase from February 2023.
According to the researcher, Russia has been losing about $172 million per day to previous EU ban on crude oil imports from Vladimir Putin, but starting from February 5, the loss will rise by 74.4 per cent, a new report released on Wednesday says.
What you need to know about EU’s sanctions on Russia
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