Oil exports have been a cash cow for Russia. But revenues are dwindling, thanks to sanctions

Oil exports have been a cash cow for Russia. But revenues are dwindling, thanks to sanctions https://www.taxtmi.com/news?id=70731 Sanctions on major oil producers, bans on refined products and shipping restrictions, plus interdictions of shadow tankers, have cut export receipts by widening discounts on Russian crude and disrupting payment and logistics channels; in turn, the government has raised taxes and increased borrowing to offset lost oil-related tax revenues. en-us Tue, 10 Feb 2026 11:01:04 +0530 Tue, 10 Feb 2026 11:01:04 +0530 TaxTMI RSS Generator Oil exports have been a cash cow for Russia. But revenues are dwindling, thanks to sanctions https://www.taxtmi.com/news?id=70731 Sanctions on major oil producers, bans on refined products and shipping restrictions, plus interdictions of shadow tankers, have cut export receipts by widening discounts on Russian crude and disrupting payment and logistics channels; in turn, the government has raised taxes and increased borrowing to offset lost oil-related tax revenues. News - Tue, 10 Feb 2026 11:01:04 +0530 https://www.taxtmi.com/news?id=70731