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Why does Russia continue to sell oil despite sanctions?
Russia keeps exporting oil because it remains a major source of revenue. Despite sanctions, Russia has found ways to bypass restrictions, such as selling through third-party countries or using discounted prices to attract buyers. This helps Russia maintain its economy and influence on the global energy market.
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How do sanctions affect Russia's oil exports?
Sanctions aim to limit Russia's ability to sell oil by restricting access to Western financial systems and markets. However, Russia has adapted by increasing sales to countries like India and China, who are less affected by Western sanctions. This reduces the overall impact of sanctions on Russia's oil revenue.
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What is the impact of Russia's oil sales on global energy markets?
Russia's continued oil exports keep global oil supplies stable, which can prevent prices from rising sharply. However, it also complicates efforts by Western countries to reduce dependence on Russian energy, influencing global energy prices and supply chains.
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Can Western sanctions really limit Russia's oil exports?
While sanctions can reduce Russia's access to certain markets, they are not entirely effective in stopping exports. Russia's ability to sell oil through alternative channels and to countries that oppose sanctions means that its oil exports continue, albeit with some challenges and reduced revenues.
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What are the geopolitical consequences of Russia's energy strategy?
Russia's ongoing oil sales strengthen its geopolitical influence, especially in Asia. It also causes tensions with Western countries, who see Russia's actions as a challenge to their sanctions regime. This dynamic affects global alliances and energy diplomacy.
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Is India helping Russia bypass sanctions by buying its oil?
Yes, India continues to buy Russian oil despite Western sanctions. It benefits from discounted crude and aims to diversify its energy sources. This strategic move helps India secure energy supplies while maintaining good relations with Moscow, despite international pressure.