Russia’s Oil Output Holds Steady as Revenues Surge Despite Sanctions and Attacks

2 articles · Updated · Bloomberg · Apr 13

Russia’s oil output remained stable in March 2026 after three months of declines, despite ongoing Ukrainian attacks on its infrastructure.
Crude production averaged 9.167 million barrels per day, while export revenues surged 52% to their highest in two years, driven by rising prices.
Asian markets, particularly China and India, absorbed most Russian oil, as sanctions loopholes and high prices boosted Moscow’s tax revenues despite export disruptions.

How did Russia maintain high oil revenues despite intensified Ukrainian attacks and export volume drops in March 2026?

Could tightening sanctions and lowering the oil price cap actually force Russia to reduce its war funding, or would new evasion tactics emerge?

How did the closure of the Strait of Hormuz reshape global oil markets, and why was Russia the biggest beneficiary?

Will the EU and G7 find effective ways to close refining and maritime loopholes that allow Russian oil to flow to sanctioning countries?

What are the global economic risks if similar geopolitical shocks hit other key energy chokepoints in the future?

How is Russia leveraging cryptocurrency networks to bypass financial sanctions, and can international regulators keep up?