Last week, revenue from oil exports amounted to approximately $959 million, which is $500 million less than at the beginning of October.
Analysts attribute this decline to a sharp increase in discounts on Russian Urals crude oil, caused by sanctions. Previously, the discount compared to the benchmark Brent crude was 5-15%, but now it has reached about 50%.
In addition, the decrease in revenues and prices is occurring against the backdrop of limited access for Russia to its usual markets and rising logistics costs.
