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Russia Weaponizes Oil Amid Global Chaos, Rakes In 7 Billion Euros in Two Weeks
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Russia profits 7 billion euros in two weeks as global oil prices surge
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News18
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12-03-2026, 20:06
Russia profits 7 billion euros in two weeks as global oil prices surge
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Global oil market shaken by Iran-America conflict, driving Brent crude prices over $100.
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International Energy Agency (IEA) and 32 member countries released a record 400 million barrels from emergency reserves.
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Despite the release, experts say the oil supply is only enough for 3-4 days of global demand, limiting impact.
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Russia gained significant economic advantage, earning approximately 6.9 billion euros in two weeks due to soaring oil prices.
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Russia's daily earnings from oil increased by 510 million euros, enough to buy thousands of drones.
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