economy
March 28, 2026
Russian oil trades without discount or at a premium, Deputy PM Aleksandr Novak says
Russian oil has traded without discounts and at premiums on some routes, Deputy PM Aleksandr Novak has said, as global demand remains high
TL;DR
- Russia is trading oil without discounts and sometimes at a premium on various routes.
- Global energy market strains, influenced by disruptions in the Strait of Hormuz, are boosting Russia's pricing power.
- Russia has reserves to increase exports and has diversified supply routes.
- President Putin cautioned against spending increased export revenues due to market volatility.
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