Russia is keeping an unprecedented one-third of its budget spending out of the public eye, a stark measure of how a year of war against Ukraine has redrawn government finances and economic priorities.
Russia's oil export revenue sank 42 percent in February as Western powers tightened sanctions on the country in the wake of the Ukraine war, the International Energy Agency said on Wednesday.
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Germany on Wednesday shrugged off Russia's ban on oil sales to countries and companies that comply with a price cap agreed by Western allies, saying it has "no practical significance".
Russian President Vladimir Putin has issued a decree banning oil sales to countries and companies that comply with a Western-backed price cap on Russian oil.