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How Russia Games Oil Sanctions for Big Profits - The Wall Street Journal

The Wall Street Journal · last updated

How Russia Games Oil Sanctions for Big Profits - WSJ

Updated Nov. 6, 2023 12:37 am ET

A Western price cap on Russian oil meant to curb Moscow’s war spending is increasingly losing its punch.

The latest evidence: Oil and gas tax revenue to the Russian budget in October more than doubled from September and rose by more than a quarter from the same month last year, according to data released Friday. That represents a stark turnaround from the beginning of the year when energy revenues tumbled.

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