Russian oil exports hit 3-year high

Russia earned $12.7 billion in revenue from oil exports.

Russian oil exports hit a three-year high in March despite Western sanctions on Russia, but revenues fell sharply from last year.

According to the International Energy Agency, total Russian oil shipments rose by 600,000 barrels per day last month to 8.1 million bpd.

Russia received $12.7 billion in revenue from oil exports, down 43 percent from last year.

Russian crude oil exports also increased by 100,000 barrels per day to 500,000 bpd.

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