Russia recovering from this invasion they started is the naive take.
It's currently selling its resources at a steep discount and that is unlikely to change because its customers are only in it for the bargain they're getting.
It's currently selling its resources at a steep discount and that is unlikely to change because its customers are only in it for the bargain they're getting.
All these talk of cutting off Russia won't last more than a year after the war, nobody refuses cheap energy, certainly not the cash strapped Europeans.
They'll probably be the world leader in critical metals and rare earth deposits if they invested more on prospecting and the ice melts.
No. Urals blend used to closely track Brent, now it's $10-20 below that. Chart here details the discount over time:
https://energyandcleanair.org/wp/wp-content/uploads/2026/01/...
Overall there's a clear trend of Russia's fossil fuel revenue declining:
https://www.russiafossiltracker.com/
> nobody refuses cheap energy
Only Russian gas was really cheap. The EU found other suppliers who don't pose such a geopolitical risk.