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The Economic Times

Top News / The Economic Times

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Discount for Russia's Urals crude oil is deepest since 2023, data shows

Russian Urals oil faces its largest discount in three years from Baltic ports. Western sanctions are the cause. This impacts Russia's budget significantly. Oil and gas revenue has fallen. Urals oil prices are dropping. Exports to India have declined. Rising freight costs also affect pricing. This situation is developing.

20 Feb 2026 12:14 am