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Russian President Vladimir Putin speaks with Crimean leader Sergei Aksyonov in November 2016.
Russian President Vladimir Putin speaks with Crimean leader Sergei Aksyonov in November 2016.
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Hey there market people. Phil Rosen here. 

I spent much of yesterday parsing through pages of data on where Russian oil is heading and how much buyers are paying for barrels. 

The clearest takeaway is that the West's sanctions do in fact seem to be taking a toll as intended — Moscow's export revenues are down, but plenty of oil remains available as far as global supplies. 

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Russian army cook Vostok
A Russian army chef with officers at the Vostok 2018 exercise in Russia's Far East in September 2018.
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MiG-31
MiG-31 Foxhound interceptor aircraft
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A shot of a Patriot missile battery firing an interceptor in a US Army test. The Patriot missile defense system is a ground-based interceptor able to eliminate airborne threats.
A shot of a Patriot missile battery firing an interceptor in a US Army test. The Patriot missile defense system is a ground-based interceptor able to eliminate airborne threats.
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Artillery firing in Ukraine
Ukrainian soldiers fire artillery toward Marinka on January 15, 2023.
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Putin
Russian President Vladimir Putin talks on the phone as part of a nationwide charity campaign, in Moscow on January 3, 2023.
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vladimir putin russia
Russian President Vladimir Putin.
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putin xi
China and Russia have spearheaded the de-dollarization movement over the past year.