Value of Russian exports fell 35% in Q1, in part due to oil price cap -c.bank

Kitco Media
By Reuters
Published:
Updated:
Reuters
MOSCOW, April 20 (Reuters) - The value of Russia's exports fell 35% year-on-year in the first quarter of 2023, due in part to a Western price cap on Russian oil, Russia's central bank said on Thursday. It added, however, that a drop in oil exports to the European Union had been offset by an increase in sales to Asian countries seeking oil at a discounted price. (Reporting by Elena Fabrichnaya; Editing by Kevin Liffey)
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