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FILE. An oil tanker is moored at the Sheskharis complex, part of Chernomortransneft JSC, a subsidiary of Transneft PJSC, in Novorossiysk, Russia. 11 Oct. 2022.

Economy

Video. Russia's oil revenues dwindle as sanctions bite, hitting economy

Updated: 10/02/2026 - 10:09 GMT+1

The Kremlin has resorted to higher taxes and borrowing to fill the gap left by dwindling oil revenues and slower economic growth.

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