Russia appears to be the biggest economic winner amid the current energy crises, which intensified after the US-Israeli airstrikes on Iran.
Moscow earned over 7.7 billion euros in fuel exports in just the first 15 days of war in the Middle East.
Rising global oil prices and the lifting of US sanctions against Russian crude have played a significant role in increasing Russian energy exports.
According to data from the Center for Research on Energy and Clean Air (CREA), Russia’s oil exports rose by 14 percent in just the first 15 days of the US-Israeli war, 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 skyrocketed since Iran closed the Strait of Hormuz, a key oil route through which nearly 20 percent of global oil supplies pass. It was closed after the US and Israel launched an unproven war against Iran.
Earlier, US President Donald Trump issued a 30-day waiver on sanctions against Russian oil despite concerns from European leaders.
EU leaders have urged the US president to reconsider the waiver, warning that it could economically benefit Russia, which in turn would hurt Ukraine amid the ongoing war between Russia and Ukraine.
