Russia's oil and gas revenues to fund its war and autarky

Much of the foreign reserve buffer has been cut off

Now Russia's opponents are trying squeeze its cash flow from oil and gas sales

Oil is much easier to target than gas (which is tied to fixed infrastructure like pipelines and regassification terminals)

Crude oil and oil products might be over US$25b per month at current prices

Russia Oil and Gas Revenues (monthly average, US$b)

Chart: Hasnain Malik Source: Russia Finance Ministry, Tellimer Research Get the data