An oil refinery is seen in Omsk, Russia on Monday. Photo: Reuters
An oil refinery is seen in Omsk, Russia on Monday. Photo: Reuters
Ukraine war

Russia making more money off oil and gas than before Ukraine war, US official says

  • The impact of Western sanctions has been offset by surging global energy prices and increased sales to countries like China and India
  • Demand for oil from consumers coming out of the pandemic is also ‘far greater, stronger than anyone predicted’, says energy security envoy Amos Hochstein

An oil refinery is seen in Omsk, Russia on Monday. Photo: Reuters
An oil refinery is seen in Omsk, Russia on Monday. Photo: Reuters
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