And if Arab oil becomes unavailable, the West will be more than ever at the mercy of Russian oil and gas supplies.

Source: https://www.dailymail.co.uk/debate/article-12620779/PROFESSOR-JULIAN-RICHARDS-world-pay-terrible-price-failure-Israels-invincible-security-services.html?ns_mchannel=rss&ns_campaign=1490&ito=1490

As per the agreement made by the ambassadors of the 27 EU countries, there will be a 55-day transition period for seaborne Russian oil products bought and loaded before Sunday.

Source: https://thegrizzlygazette.com/business/russian-oil-reaching-u-s-via-india/?utm_source=rss&utm_medium=rss&utm_campaign=russian-oil-reaching-u-s-via-india

By Timothy Gardner and Daphne Psaledakis WASHINGTON, Oct 12 (Reuters) – The U.S. on Thursday imposed the first sanctions on owners of tankers carrying Russian oil above the G7 price cap of $60.

Source: https://gcaptain.com/maersk-to-roll-out-starlink-satellite-internet-across-containership-fleet/

China is Russia's most important ally and has been buying Russian oil and other goods shunned by Western countries.

Source: https://www.rawstory.com/icc-judges-seek-putin-s-arrest-citing-war-crimes-in-ukraine/

China, which is friendly with Moscow but says it is neutral in the war, can buy Russian oil and gas without triggering Western sanctions.

Source: https://thediplomat.com/2023/08/chinas-july-exports-tumble-by-double-digits-adding-to-pressure-to-shore-up-flagging-economy/

From the start, it advocated sanctions to ‘squeeze Russia from the global economy, piece by piece’ – including a ban on global payments via SWIFT, tech exports, travel, a freeze on Russian assets, and an end to Russian oil and gas imports.

Source: https://energycentral.com/c/ec/news-round-tuesday-february-21-2023-germ%C3%A1n-co

India continues to buy large quantities of Russian oil and China coming out of the recovery lockdown started to increase significantly their imports, also of erosion Euros crude from the Baltic and the Black Sea.

Source: https://seekingalpha.com/article/4601606-imperial-petroleum-inc-impp-q1-2023-earnings-call-transcript?source=feed_all_articles

India's Russian oil imports hit an all-time high of above 1.25 million bpd in recent weeks, meaning the country has saved over $500 million a month on its oil bill with Russian oil sold at a discount of around $15 per barrel.

Source: https://gazette.com/news/us-world/lost-russian-oil-revenue-is-bonanza-for-shippers-refiners/article_836732ed-514c-5f41-8fd5-46e725e69a0f.html

India's Russian oil imports hit an all-time high of above 1.25 million bpd in recent weeks, meaning the country has saved over $500 million a month on its oil bill with Russian oil sold at a discount of around $15 per barrel.

Source: https://gazette.com/news/us-world/lost-russian-oil-revenue-is-bonanza-for-shippers-refiners/article_836732ed-514c-5f41-8fd5-46e725e69a0f.html

Last week, a report by the BBC said India’s imports of Russian oil rose tenfold last year, according to Bank of Baroda.

Source: https://indianexpress.com/article/explained/how-india-is-helping-west-meet-its-energy-demand-by-importing-russian-oil-8615009/

Lloyd’s Register has told India’s Gatik Ship Management, which has become a major carrier of Russian oil since the Ukraine war, that it will withdraw certification of 21 of its vessels by June 3, the maritime services company told Reuters.

Source: https://cyprus-mail.com/2023/05/26/lloyds-register-drops-ships-of-top-indian-carrier-of-russian-oil/

Minister of Foreign Affairs Urmas Reinsalu (Isamaa) on Thursday said western countries are discussing the introduction of a price cap on Russian oil products in February.

Source: https://news.err.ee/1608848656/estonian-fm-russian-oil-products-price-cap-could-be-introduced-in-february

“Money buying Russian oil is paying for the assault on democracy in Ukraine,” Pelosi said.

Source: https://www.theatlantic.com/politics/archive/2023/03/nancy-pelosi-sxsw/673367/?utm_source=feed

Much of the increase is due to increased Russian oil and gas sales to China which benefits China because they are buying at discount prices and paying in Chinese Yuan rather than dollars.

Source: https://www.libdemvoice.org/tom-arms-world-review-45-73252.html

On the one hand, India is skeptical of a Western-led world and has helped to finance Vladimir Putin’s invasion of Ukraine by persevering with to purchase Russian oil.

Source: https://www.mccourier.com/democracy-and-reality-the-new-york-times/

Russian oil production has proved resilient in the face of Western sanctions, defying forecasts of a steep decline.

Source: https://thefrontierpost.com/russia-forecasts-stable-oil-output-to-2025-to-set-up-stockpiles/

Russia's Energy Minister Shulginov: Russian oil production will decline in 2023financialjuice.

Source: https://biztoc.com/x/b56095ccd014074e?ref=ff

Sanctions on Russian oil have failed.

Source: https://www.aljazeera.com/news/2023/12/22/russia-may-sever-ties-respond-in-kind-over-seizure-of-its-assets?traffic_source=rss

The $60-per-barrel price cap is enforced by banning insurers—mostly based in Europe or the UK—from handling Russian oil sold above the cap.

Source: https://businessmirror.com.ph/2023/01/16/europe-has-avoided-energy-collapse-but-is-the-crisis-over/

The EU oil embargo blocks the bulk of Russian oil – that coming by tanker.

Source: https://globalnews.ca/news/9402089/russia-oil-price-cap-ukraine-war/