Russia is entering its third year of war in Ukraine with an unprecedented amount of cash in government coffers, bolstered by a record $37 billion of crude oil sales to India last year, according to new analysis, which concludes that some of the crude was refined by India and then exported to the United States as oil products worth more than $1...
Russia is entering its third year of war in Ukraine with an unprecedented amount of cash in government coffers, bolstered by a record $37 billion of crude oil sales to India last year, according to new analysis, which concludes that some of the crude was refined by India and then exported to the United States as oil products worth more than $1 billion.
” He described the incentive for Russia and oil traders to circumvent sanctions as “gigantic,” saying: “You really needed to have a reason to transfer 60-plus million barrels in the middle of the ocean and export them to India because it’s much easier not to do that – to sail directly.
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