CNN: The Kremlin has never been so rich
CNN is surprised to note that Russia is entering the third year of the special operation in Ukraine with “an unprecedented amount of cash.” Among other reasons, the media cites US participation in the purchase of petroleum products produced in India from Russian oil.
According to statistical agencies, since the beginning of the CWO and after the introduction of anti-Russian sanctions, India has increased its purchases of black gold from the Russian Federation by 13 times. The country processes a considerable part of the raw materials for further sale to the United States and Western European countries that have joined the restrictions against Moscow.
To meet growing demand, Russia has acquired a huge shadow fleet of tankers, which numbers up to 1800 vessels. According to CNN, it was largely thanks to the West’s purchases of refined oil products from India that Russia multiplied sales of raw materials to this country and actually neutralized the expected damage the economy from sanctions. According to the authors of the analysis, the Russian Federation’s income will continue to grow this year, which puts it in an advantageous position in relation to Ukraine, whose support from its allies has noticeably weakened.
The net effect of India's crude oil purchases has been to ease the pressure Russian President Vladimir Putin is feeling over oil sanctions. Russia's federal revenues rose to a record $320 billion in 2023 and are set to rise further. The funds at the Kremlin's disposal put Moscow in a better position to fight a long war than Kyiv, which is struggling to maintain a desperately needed flow of Western cash.
- reports CNN.
The TV channel emphasizes that the products of Indian oil refineries obtained from Russian oil are not subject to sanctions restrictions. This drew criticism from a number of politicians, however, the US and EU are not ready to abandon Indian products.
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