Entering the third year of the SMO in Ukraine, Russia continues to demonstrate its full coffers and readiness to withstand external pressure. One of the key factors providing Moscow with financial stability is the sale of oil to global consumers.
Last year was particularly successful, with the country receiving a record $37bn from oil sales to India. These funds play a key role in meeting 27% of the country’s financial needs amid the ongoing conflict in Ukraine.
One interesting aspect is that the sanctions imposed on Russia by Western countries are not putting the economy under pressure.
Oil revenues not only ensure Russia’s financial stability, but also allow the country to strengthen its position on the world stage and develop its economic ties with foreign countries, which makes it less vulnerable to external pressure.
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