Under pressure from the West, the price of Russian oil has dropped to its lowest level since the outbreak of the Russia-Ukraine conflict.

The price of Russian crude oil has fallen to its lowest level since the start of the Russia-Ukraine conflict, as Western sanctions have increased the discounts needed by the country's oil industry to provide, while benchmark crude oil futures have plummeted. Data from Argus Media shows that the average selling price of crude oil exported by Russian oil exporters from ports in the Baltic Sea, Black Sea and the Far East port of Kozmino is slightly above $40 per barrel. This is a 28% drop from the past three months, with recent sanctions targeting oil giants such as Rosneft and Lukoil further increasing the discount. Western pressure on Russia's oil trade is growing, making the sales and transportation of Russian oil increasingly difficult, with related measures also targeting refineries in major buyers like India. Additionally, global benchmark crude oil prices are falling, with Brent crude falling below $60 per barrel on Tuesday for the first time since May.