Russia appears to be the main financial winner from the current energy crisis, which intensified after the US-Israeli airstrikes against Iran.
Moscow earned more than 7.7 billion euros in fuel exports in just the first 15 days of the Middle East war.
Soaring global oil prices and the lifting of US sanctions on Russian crude oil have played a significant role in increasing Russian energy exports.
According to data from the Center for Research on Energy and Clean Air (CREA), Russian oil exports jumped 14% in just the first 15 days of the war between the United States, Israel and Iran, reaching 372 million euros per day.
Moscow’s combined energy exports, including oil, gas and coal, reached 513 million euros per day, up from 472 million euros per day in February 2026.
Oil prices have soared since Iran closed the Strait of Hormuz, a key oil route through which nearly 20 percent of the world’s oil supply passes. It was shut down after the United States and Israel launched an unproven war against Iran.
Earlier, US President Donald Trump granted a 30-day waiver from sanctions on Russian oil, despite concerns from European leaders.
EU leaders urged the US president to reconsider the waiver, warning that it could financially benefit Russia, which in turn would harm Ukraine amid the ongoing Russia-Ukraine war.
