Russia has long sought to increase its share of the global LNG market, but the war and the subsequent sharp drop in overland exports to Europe have reinforced the importance of these ambitions. Moscow wants to expand LNG output three-fold by 2030, adding at least $35 billion in annual revenue.
US sanctions Putin's daughters and more Russian banks : Rashtra News #sanctions #Putins #daughters #Russian #banks The United States targeted Russian banks and elites with a new package of sanctions on Wednesday that includes banning any American from investing in Russia, after Washington and Kyiv accused Moscow of committing war crimes in Ukraine. The new
After the Ukraine war broke out, India filled its coffers with heavily discounted Russian oil. Indias share of oil imports from Russia increased from a puny 2% before the war to almost 40% in the next two years. But now China has surpassed India as the largest importer of Russian oil. How? We explain.
India s oil trade with Russia is being impacted by the tightening of US sanctions, prompting refiners to explore alternative supplies. While Russia remains the dominant supplier, Indian refiners are increasingly buying more from Saudi Arabia. Refiners are eager to increase purchases of Russian oil, but require US approval to do so.
While the Biden administration claims Russia is more isolated than ever and has suffered strategic setbacks due to the war, evidence suggests otherwise.