Russia is the Main Beneficiary of the New War: Financial Times

The sharp rise in oil prices in the international market, linked to the escalation of the conflict between the U.S. and Israel against Iran, could provide Russia's budget with an additional income of about $150 million per day. This is reported by the Financial Times, citing calculations by industry analysts.

According to the newspaper, if the average price of Russian oil remains at the range of $70-80 per barrel until the end of March, the Russian government could receive a total of $3.3-4.9 billion in additional revenue. For comparison, it is noted that in February, the average value of Russian oil was around $45 per barrel.

Sumit Ritoliya, a leading analyst at Kpler, a firm specializing in commodity markets, estimates that the main beneficiary of a new war in the Middle East could be Russia itself. The publication was also commented on by Kirill Dmitriev, a special representative of the President of Russia, who wrote on the X social platform that this is "only the beginning of the largest energy crisis in history." Following the FT article, U.S. authorities announced that restrictions on Russian oil would be temporarily eased. Supplies of oil and petroleum products loaded onto vessels before March 12 are now permitted. As of March 6, approximately 130 million barrels of Russian oil were in tankers, much of which had been delayed in transit due to sanctions.