Russia’s Oil Exports Plunge -29% in One Week as Port Loadings Collapse Under New EU Sanctions
If this week’s Russian oil exports data is an indication, it appears that Ukraine’s allies had the power to turn off Putin’s cash machine all along. Russia’s oil export system is now under severe pressure, with a dramatic -29% weekly drop in crude shipments signaling a new stage in the unraveling of the Kremlin’s war economy.