London, After Russia launched a war on Ukraine in February, the United States, Europe, and other nations announced a series of sanctions, measures to destabilize Russia economically. Until it was removed from the international payment system and announced that it would not buy crude oil, the biggest source of revenue.
However, during the 100 days of the war, Russia claimed to have earned 100 billion from crude oil sales, according to a report by a private research agency. According to the Center for Research on Energy and Clean Air But it has not increased the economic burden on Russia.
Russia spends ૮૮ 20 million a day fighting Ukraine, earning અ 1 billion a day from crude exports. Britain and the European Union are still dependent on Russia for energy. Europe will completely stop importing Russian crude by the end of this year, but its alternative is not yet ready.
Russia, on the other hand, has started exporting to countries like India. Russia’s share of India’s crude imports before the Ukraine war was 1 per cent, which has now risen to 12 per cent. The crude is refined in India and re-enters the US and Europe as petrol and diesel, so the sanctions have no effect on Russia and there has been no significant reduction in its revenues, the research notes.