15:35 - 13.03.2026

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March 13, Fineko/abc.az. Russia can earn up to $150 million a day on top because of the war in the Middle East.

ABC.AZ reports, referring to The Financial Times, that after the closure of the Strait of Hormuz, the demand for Russian oil has increased significantly in India and China. Moscow has already received $1.3–1.9 bn in additional tax revenues from the export of raw materials. By the end of March, the amount may reach $3.3–4.9 bn.

The key factor is the cost of Russian crude oil Urals. If it trades at $70-80 per barrel in March ($52 for January-February), Russia will receive up to $150 million in additional revenue daily.

Earlier, the U.S. Treasury temporarily allowed India to purchase Russian oil stuck in the sea.