---
title: Russian oil export revenues are at their highest since the 2022 invasion of Ukraine
description: "Gross income from seaborne crude exports surged to $2.46 billion for the week ending March 22, the highest since March 2022.\n\nThe 4-week average is up to $1.71 billion per week, up from $900 million in January.\n\nThis comes as the value of Russian crude exports has DOUBLED over the last 3 weeks, rising from an average of $135 million per day in January to $270 million per day now.\n\nThe surge is being driven by soaring global oil prices and a US tariff waiver allowing buyers to purchase Russian crude loaded before March 12, boosting sales to India significantly.\n\nYears of Western sanctions pressure have been undone in a matter of weeks.\n\nSource: Global Markets Investors, Bloomberg"
---

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# [Russian oil export revenues are at their highest since the 2022 invasion of Ukraine](https://blog.syzgroup.com/syz-the-moment/russian-oil-export-revenues-are-at-their-highest-since-the-2022-invasion-of-ukraine)

 Written by [Charles-Henry Monchau, CFA, CMT, CAIA](https://blog.syzgroup.com/syz-the-moment/author/charles-henry-monchau) | Mar 26, 2026, 4:12:43 PM

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