Oil sales in Russia have collapsed

11.03.2021

Oil exports from Russia in January in monetary terms fell by 42.8 percent compared to last year (to $5.708 billion), physical exports fell to 15.849 million tons (minus 27.1 percent).

Sales of petroleum products increased by 6.7 percent (to 12.319 million tons), but in monetary terms they decreased by 19 percent (to 4.415 billion dollars). Physical exports of gasoline decreased by 29.8 percent and diesel fuel – by 7.1 percent. Meanwhile, electricity supplies increased by 43 percent.

In general, Russia’s foreign trade turnover in January fell by 8.7 percent compared to last year (to $ 43.4 billion). Exports fell 14.9 percent and imports rose three percent.