Sanctions Relief Helps Fuel Russia’s War Machine as Oil Revenues Jump

Sanctions Relief Helps Fuel Russia’s War Machine as Oil Revenues Jump

Ukrainian President Volodymyr Zelenskyy has criticized an easing of sanctions on Russian energy, writing on X that "every dollar paid for Russian oil is money for the war." His statement on April 19 comes after the United States prolonged its Russian oil waiver earlier in the week with figures showing that Moscow nearly doubled its oil revenue in March amid soaring energy prices as Iran continues to disrupt shipping on the crucial Strait of Hormuz. Zelenskyy claimed that more than 110 tankers from Russia’s shadow fleet are currently at sea,...