Russia has earned US$2bn in oil revenues during three months of US sanctions exemptions

Russia has earned over US$2 billion from US sanctions relief. Photo: Getty Images

The temporary easing of US sanctions on Russian oil, which was in effect from 12 March, has allowed Russia to earn more than US$2 billion in additional revenue due to higher energy prices.

Source: S&P Global, an American financial intelligence and analytics corporation

Details: The exemptions from US sanctions on Russian oil lasted from 12 March to 17 June. The licences were initially seen as a temporary tool to ease tensions on energy markets.

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