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Russia earning billions from Hormuz blockade, German trade body says

Posted on April 7, 2026
By Yahoo News
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1 min read

Russia earning billions from Hormuz blockade, German trade body says

Russia is generating billions in revenues from its commodity exports due to the effective closure of the Strait of Hormuz, the German-Russian Foreign Trade Chamber reported on Tuesday. Russia’s profits from exporting oil, gas and fertilizer amount to more than €10 billion ($11.