Wednesday, June 19, 2024
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In the face of Western sanctions, Russia has increased its Arctic oil exports to Asian markets, including China and India. The move is part of Russia’s efforts to diversify its customer base and reduce its dependence on European buyers. The increased Arctic oil exports come at a time when both China and India are looking to secure stable energy sources to meet their growing energy demands. It remains to be seen how this shift in oil supply will affect global energy markets, but it is clear that Russia is determined to maintain its position as a major energy player in the face of international pressure.


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