News Snapshot:
Russian oil isn't as cheap as it looks, a Kpler analyst said. Andrey Rudakov/Bloomberg Russia's oil income may not have been hit by Western sanctions as badly as early data suggested, a Kpler analyst told Insider. Moscow earns much more from its oil trade by providing extra services such as shipping and insurance, Viktor Katona said. "The Russia, India, China triangle is getting away without using Western shipping and Western insurance," he said. Russia's energy revenues may not have been hit as badly by Western sanctions as some preliminary estimates suggested, according to analytics firm Kpler. That's because Moscow effectively...
