... record purchases of American oil by Indian refineries instead of Russian. The reality is far from this. In reality, India started importing American oil back in 2015 when the U.S. lifted a long-standing ban on oil exports. However, over a decade of cooperation with Indian refineries, American oil has failed to secure a significant market share in India. Purchases have constantly fluctuated. Moreover, the current rise in exports to 250,000 barrels per day is actually modest; in the past decade, peak ...

... payments from European energy companies, which is not prohibited. At the same time, the demand for foreign currency from Russian importers is satisfied,” the expert adds. The downside of this scheme is that the US might identify the intermediaries cooperating with Gazprombank and add them to the sanctions list. These intermediaries would then become toxic for European companies, forcing them to find new ones. And, of course, involving intermediaries always means additional costs, and it’s ...

... negative. This is due to both the rising global oil and oil product prices and the high tax burden on the oil industry. With zero or negative margins, no amount of competition will lead to price reductions. Stankevich believes that the government, in cooperation with key oil industry companies, must ensure the smooth operation of fuel supply chains within the country. First and foremost, this applies to rail transport, to prevent local shortages in the regions. "For these purposes, an operational ...

... nearly $30 billion. In 2022, this figure plummeted to around $14 billion, in 2023 to $4.6 billion, and by 2024 it shrank to $3 billion. Thus, over three years, the volume of imports collapsed by nearly 90%. The main reason was the cessation of energy cooperation: while in 2021, Russian oil accounted for the majority of imports (over $17 billion), after the embargo on oil, gas, and coal purchases was introduced in 2022, these supplies almost ceased. By 2024, the import of several other goods, such ...

... for currency traders and significantly increasing transaction volumes in the Russian financial market. Potential for Western Banks Western banks may reconsider their access to Russian capital markets and investment opportunities, leading to renewed cooperation and the development of new projects. Should sanctions be lifted or eased, significant opportunities would arise for banks in Europe and the U.S., as the Russian market remains attractive for long-term investments. Investor Interest For global ...