The newspaper said Moscow has already taken in up to $1.9 billion in additional tax revenue from oil exports after Iran’s closure of the Strait of Hormuz tightened supply and boosted demand for Russian crude from major buyers such as China and India. The report said Russia could receive between $3.3 billion and $4.9 billion more by the end of the month if current market conditions persist. The US has also temporarily waived sanctions covering Russian oil stranded at sea, a move aimed at easing supply pressure but one that could further cushion the Kremlin’s finances.
