Babina, Tania; Hilgenstock, Benjamin; Itskhoki, Oleg; … - 2023
– focusing on Russian crude oil and oil products exports, as they are the key sources of export earnings and government revenues … alternative markets such as India, China, and Turkey but that export earnings were curbed substantially by the sizable discounts … effect on February 5, 2023, will prove to be a powerful additional tool to further curb Russian export and fiscal revenues …