Russia’s oil export revenues hit lowest level since start of Ukraine war in Freight News 12/03/2026 Russia’s crude oil and refined product exports and revenues fell in February to their lowest levels since the Ukraine conflict began in 2022, the International Energy Agency reported Thursday. The Paris-based IEA said Russia’s crude oil exports dropped by 410,000 barrels per day last month from January to 4.2 million barrels per day. Commodity revenues form a vital part of Russia’s state budget and are needed to support increasing military spending. Russian oil prices and revenues have risen since the Iran war started at the end of February, the IEA noted. Source: Investing.com 2026-03-12 hellenicshippingnews... window.___gcfg = {lang: 'en-US'}; (function(w, d, s) { function go(){ var js, fjs = d.getElementsByTagName(s)[0], load = function(url, id) { if (d.getElementById(id)) {return;} js = d.createElement(s); js.src = url; js.id = id; fjs.parentNode.insertBefore(js, fjs); }; load('//connect.facebook.net/en/all.js#xfbml=1', 'fbjssdk'); load('https://apis.google.com/js/plusone.js', 'gplus1js'); load('//platform.twitter.com/widgets.js', 'tweetjs'); } if (w.addEventListener) { w.addEventListener("load", go, false); } else if (w.attachEvent) { w.attachEvent("onload",go); } }(window, document, 'script')); tweet Share