February 2024 Monthly Analysis of Russian Fossil Fuel Exports and Sanctions

February 2024 saw a significant rise in Russian fossil fuel export earnings, driven by a surge in crude oil prices. Despite a 3% reduction in export volume, the increase in revenues reflects the resilience of Russian fossil fuel earnings in the face of market fluctuations and geopolitical challenges. The analysis also highlights the evolving dynamics of global energy trade, with China and India showing contrasting trends in crude oil imports from Russia, and Belgium and France experiencing shifts in LNG import patterns.