Russia Sold Oil Far Above Price Cap, Researchers Say

By Bloomberg News (Bloomberg) –Russian companies got far more money from selling the country’s oil than previously thought in the weeks that followed the imposition of a price cap on the nation’s exports, a group of academics said. The research weakens the idea that the price limits are crushing Moscow’s revenue to fund the war in Ukraine. Russia’s crude fetched an average of about $74 a barrel in the four weeks that followed the cap, according to calculations by experts including from the...

https://gcaptain.com/russia-sold-oil-far-above-price-cap-researchers-say/

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