2,000,000bpd between it and its Iraqi allies. Their campaign against Russia - because they are the target having reneged on a deal that went back to late 2023, is having a massive impact. Add to that falling demand due to 47’s tariff war, and the result has been staggeringly bad for Russia.

If that wasn’t bad enough the sanctions on the movements of the grey tanker fleet have been surprisingly impactful. The end result? Russia saw a reduction of 35% year on year to the end of May. They made only 512.7 billion roubles ($6.55 billion) a reduction from
$10.77 billion. Everything points to