www.bloomberg.com
Despite international sanctions and pressure to curb Russian oil imports, major global buyers—in particular India and China—have maintained strong trade ties with Moscow. Driven by substantial discounts that lower inflation and fortify energy security, these nations prioritize cost and supply stability over geopolitical alignment. While Western nations seek to isolated Russia’s energy revenue, the current market dynamics offer no compelling financial or logistical reason for these key consumers to abandon Russian crude. As long as price advantages persist, robust purchases are expected to continue.
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