The closure of the Strait of Hormuz and the surge in oil prices are bringing Russia's budget up to $150 million in additional revenue per day, according to the Financial Times.
As the Middle East is engulfed in conflict, the Kremlin has unexpectedly emerged as one of the main economic beneficiaries of the crisis.
Indeed, the closure of the Strait of Hormuz and the sharp rise in global oil prices are generating up to $150 million in additional daily revenue for Russia's budget. This allows Moscow to cover fiscal gaps and prepare for a "new pricing reality," reportedly with Washington's tacit approval.
In just the first 12 days of the war between the United States, Israel, and Iran, Russia's treasury received an additional $1.3–1.9 billion. According to Financial Times estimates, this figure could reach $5 billion by the end of March.
