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Ukraine war

Russia's foreign-currency revenues dwindle as buyers shun its oil

Crude shipments fall 70% after Ukraine invasion

Although only a few countries are restricting imports of Russian oil, many companies are shying away from the fuel over logistical and ethical concerns.   © Reuters
RYOSUKE HANAFUSA, MASAYUKI SHIKATA and AKIRA INUJIMA, Nikkei staff writers | Russia & Caucasus

HOUSTON, U.S./TOKYO -- Russia's foreign-currency revenues have plunged as more overseas buyers steer clear of its crude oil over the invasion of Ukraine, eroding its purchasing power for key imports. 

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