Russia is losing billions from falling oil prices.

Over the four weeks leading up to May 25, Russian crude oil was supplied at an average of 3.39 million barrels per day, which is 10,000 barrels less than the previous period. However, the value of these supplies was the lowest since April 2023.

Decrease in oil exports from Russia

In the last 13 months, the value of Russian crude oil exports has gradually decreased. Compared to the period before April 2024, when export revenues amounted to nearly $2 billion per week, the price of Russian oil dropped by 28%, while the volume of supplies decreased by 8%.

'Ural' oil is sold for about $52 per barrel, so the new price cap on exports has no significant impact,' experts note.

Opposition to Russian exports

Sanctions imposed by the UK, European Union, and the USA on Russian vessels have no significant impact due to the possibility of unloading in other countries. However, G-7 countries are considering the option of lowering price barriers to limit Russian oil exports.

'The USA is considering introducing new sanctions against Russia due to its aggression against Ukraine,' said US President Donald Trump.

The global market is witnessing a decline in the value of Russian oil, which could significantly affect the country's economic situation. The processes of decreasing exports and possible new sanctions confirm the trend towards reducing the volumes and profitability of the Russian oil sector. Governments of various countries are currently seeking options to respond to this situation.