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  "path": "/graphic-truth/graphic-truth-russias-declining-fossil-fuel-revenues",
  "publishedAt": "2026-02-24T16:32:56.000Z",
  "site": "https://www.gzeromedia.com",
  "tags": [
    "Russian oil",
    "Russia-ukraine war",
    "Russia",
    "_account_",
    "_report_",
    "_below_",
    "_discount_"
  ],
  "textContent": "\n\n\n\nRussia’s revenues from its fossil fuel exports, which _account_ for huge chunks of the Kremlin’s incomings, have dropped significantly during the course of the war. They are down 27% from the year before the invasion, and dropped 19% over the last year, according to a _report_ from the Centre of Research on Energy and Clean Air. The main reason for this isn’t lower export volumes, though: fossil fuel export volumes only dropped 14% from the year before the invasion, and 3% last year. Instead, Russia’s declining oil revenue appears to be caused by the plunging price of fossil fuels like crude oil, which had fallen _below_ $60 per barrel late last year – it was above $100 per barrel during the first few months of the war. It won’t help either that the _discount_ on sanctioned Russian oil has reached its highest level since 2023.",
  "title": "Graphic Truth: Russia’s declining fossil fuel revenues"
}