Opinion
Sanctions are working: Russian oil loses in price for the fourth month in a row
Reduced tax revenues and the destruction of refineries will deprive the Kremlin of resources to continue the war
Vitaly Shapran
economist, financial analyst
The decline in Russian oil prices continues.
No matter how much some media criticize US President Trump, his sanctions and those of the EU are working quite well, as are trade wars that bring down oil prices on the world market.
However, there are some results in terms of Russian oil prices. We are now interested not so much in the price of Urals and other Russian grades as in the price on which taxes are charged in Russia.
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