Russia’s Oil Revenues Surge as the World Scrambles for Supply | HappeningNow.news
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Russia’s Oil Revenues Surge as the World Scrambles for Supply

Following the Russian invasion of Ukraine in 2022, several major world powers introduced strict sanctions on trade with Moscow.

Source Summary Published May 2, 2026 Brief Under 1 min brief
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Summary

Following the Russian invasion of Ukraine in 2022, several major world powers introduced strict sanctions on trade with Moscow. Europe and the United States have been gradually decreasing their dependence on Russian gas and other energy products and putting pressure on other countries to do the same, to place a financial strain on Moscow, as the war with Ukraine continues.

Read original at Oilprice

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