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posted ago by OrangeManNotBad ago by OrangeManNotBad +19 / -0

Yes, Russian oil companies and specifically associated exporters have managed to boost oil shipments despite Western sanctions, with exports from western ports increasing in early April 2026. While major firms like Rosneft and Lukoil faced challenges from sanctions, new entities have emerged to facilitate exports, capitalizing on rising prices and increased demand from markets like India. Key Developments in Russian Oil Output and Exports:

Export Fluctuations: Despite, or perhaps in response to, ongoing geopolitical tensions and drone attacks on infrastructure, Russia managed to increase crude oil exports from key western ports in early April 2026 compared to March.
New Export Entities: New, less-visible companies emerged in 2025 (e.g., RusExport and Redwood Global Supply Group) to handle increased volumes of Russian crude, filling gaps left by sanctioned entities.
Rise in Revenue: Russia has seen massive spikes in revenue due to higher oil prices. In March 2026, Russia reportedly made an extra €672m from oil, gas, and coal sales in just two weeks, driven by a 14% surge in prices.
India and China Trade: India has been a major destination for Russian oil, with significant volumes redirected there. China also increased its seaborne imports of Urals crude to record levels in early 2026.
Impact of Sanctions: While initial sanctions in 2025 caused a drop in shipments for some companies like Rosneft and Lukoil, the overall volume of Russian crude exports has remained relatively stable or fluctuated, rather than declining sharply, due to the use of "shadow fleets".
Drone Impact: Although exports have increased recently, Ukraine's drone campaign against Russian oil infrastructure has caused significant temporary dips in production and refining, affecting export volumes at times.