With Urals $40 and ESPO $30 discounts, Russia’s oil revenues could drop to $112B (2025) and $49B (2026). Weak sanctions could let Russia earn up to $163B (2025) and $151B (2026). Total export losses since March 2022: $155B. 5X
With Urals $40 and ESPO $30 discounts, Russia’s oil revenues could drop to $112B (2025) and $49B (2026). Weak sanctions could let Russia earn up to $163B (2025) and $151B (2026). Total export losses since March 2022: $155B. 5X
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