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DaedPsyker | 2 years ago

That appears to show that the volume has returned but not its price.

"The revenue is still down 43% from a year ago, the IEA said, as Russia is forced to sell its barrels to a more limited pool of customers who can negotiate greater discounts."

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yogthos|2 years ago

That doesn't actually follow. Had the west not got into a sanctions war with Russia, then they might've never increased their output. The end result is that the profits have not been affected. More importantly, what actually counts is the relative damage. It's pretty clear that EU economy has been affected far more severely than Russian economy. IMF projects Russia to actually have growth this year, while there is a recession projected across EU states.

The_Colonel|2 years ago

> IMF projects Russia to actually have growth this year, while there is a recession projected across EU states.

IMF bases their projection on data provided by Russian government agencies. So this works only if you trust Russian government to not fumble data.