The numbers highlight the fact that Russia continues to profit handsomely from the sale of fossil fuels even after a number of sanctions were put in place starting in February 2022. This is partially due to the fact that they have only shifted the location of the global fossil fuel industry, as opposed to stopping Russia from exporting coal, gas, and oil.
Since April 2022, that three-month average has been the highest.
It occurs in the context of rising oil prices and worries that sanctions against Russia aren’t stopping the nation from making money and attacking Ukraine.
The US, China, and the European Union were the top three countries in the world that hired Russian oil specialists before to the invasion of Ukraine. Since then, the US, UK, and EU have banned the import of refined goods or crude oil from Russia.
