April 14, 2026 [Reuters]- Russia’s revenues from crude oil and refined products rose in March, rebounding from February when ​they fell to their lowest level since the ‌start of the Ukraine conflict in 2022, as prices surged due to the Iran war, the International Energy Agency said on ​Tuesday.

Russia’s commodity revenues are a vital part of ​the state budget and are needed to support ⁠rising military spending.

The Paris-based IEA said Russia’s crude ​oil exports rose by 270,000 barrels per day last ​month from February to 4.6 million bpd, mostly driven by higher seaborne shipments as the Druzhba pipeline remained offline.

Flows via the Druzhba ​pipeline to Hungary and Slovakia across Ukrainian territory ​have remained shut following the attacks on the pipeline infrastructure at ‌the ⁠end of January.

The IEA also said Russia’s oil and oil product export revenues nearly doubled, to $19 billion in March from $9.75 billion in February as global oil ​prices surged.

It ​said that ⁠Russia’s crude production increased last month to 8.96 million bpd from 8.67 million bpd ​in February.

The agency also said that Russia ​may ⁠struggle to increase oil production above the levels seen in early first quarter in the near term given ⁠damage ​to port and energy infrastructure.

Flows via the Druzhba ​pipeline to Hungary and Slovakia across Ukrainian territory ​have remained shut following the attacks on the pipeline infrastructure at ‌the ⁠end of January.

The IEA also said Russia’s oil and oil product export revenues nearly doubled, to $19 billion in March from $9.75 billion in February as global oil ​prices surged.

It ​said that ⁠Russia’s crude production increased last month to 8.96 million bpd from 8.67 million bpd ​in February.

The agency also said that Russia ​may ⁠struggle to increase oil production above the levels seen in early first quarter in the near term given ⁠damage ​to port and energy infrastructure.