GENERAL
Russia’s Economic Lifeline Under Siege: Oil and Gas Revenues Plummet to Post-Pandemic Lows Amid Intensified Sanctions
Russia's crucial oil and gas revenues plummeted to their lowest level since the COVID-19 pandemic in January, a stark indicator of the crippling impact of international sanctions and widening discounts on its Ural crude. With earnings down by nearly 65% year-on-year, and its National Wealth Fund rapidly depleting, Moscow faces an unprecedented fiscal crisis and the looming threat of irreversible damage to its vital oil production infrastructure.