Russian Oil Revenues Plunge to Five-Year Low on Sanctions, Ruble
The Russian government’s oil revenues collapsed to the lowest in more than five years in January as weaker global prices, steeper discounts for the nation’s barrels, and a stronger currency...
By Alaric Nightingale · Bloomberg Markets
The Russian government’s oil revenues collapsed to the lowest in more than five years in January as weaker global prices, steeper discounts for the nation’s barrels, and a stronger currency took a toll on the budget.