Vladimir Putin
Russian President Vladimir Putin attending the plenary session of the Valdai Discussion Club forum in Sochi on October 5, 2023
  • Russia made $11.3 billion in net oil revenues in October — more than any month in the year before the Ukraine war.
  • Russia's bumper energy takings are despite a $60-a-barrel oil price cap imposed by G7 countries.
  • A dark fleet of tankers transporting Russian oil is helping the country's energy trade.

Russia made more money from oil exports in October than it did in any of the months before the Ukraine war, according to a Bloomberg analysis.