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Expensive oil boosts Russian energy giant Rosneft’s profit 13% to $7 billion in the first half of the year despite war-time sanctions

Rosneft Oil, Russia’s largest state-run oil firm, reported that profits climbed 13% in the first half of the year to about 432 billion rubles, or roughly $7.2 billion. Expensive global crude prices allowed the company to rake in more net income than the prior year despite sanctions from Western …

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