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Russia is reaping bumper revenue from oil and gas sales - but Iran and Venezuela should serve as cautionary tales for Moscow's energy industry

1 month ago   |   By Business Insider

Major economies are under pressure to cut Russian energy imports - fast. Dursun Aydemir/Anadolu Agency/Getty Images
Despite sweeping sanctions, Russia is reaping bumper revenue from oil and gas sales.
But experts say sanctioned countries like Iran and Venezuela should serve as cautionary tales for Russia.
Iranian and Venezuelan oil production has fallen due to US sanctions, and investments have tanked.
Four months into the Ukraine war, Russia is reaping bumper revenue from its oil and gas sales - but experts say Moscow should consider other heavily sanctioned countries in recent history...
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