Record crude oil sales: Russia defies sanctions and records unprecedented revenue. Russia has been waging a war of aggression against Ukraine for more than two years.
While horrendous military spending is putting a strain on the state treasury, the Kremlin has recorded unprecedented income for the past year. Crude oil sales to India are said to have brought in a record $37 billion for the Kremlin in 2023. India is replacing the decline in crude oil purchases by Western buyers that were reduced by sanctions over Russia's invasion of Ukraine.