Russian economy chaos as crucial revenue ‘degraded’ | World | News
European and US measures Vladimir Putin’s oil from the third country importers of the oil seemed to be “humiliating”, the Russian economy received a coup. This week, Donald Trump imposed sanctions on more than 115 Iranian individuals, assets and ships, some of whom were involved in carrying Russian oil. The US President also told countries to stop buying oil from Moscow and threaten 100% tariffs unless they accept a peace agreement with the Kremlin Ukraine.
Reports show that Indian oil refineries have diversified crude oil imports and after intensifying the sanctions against Russian oil exports of Europe, there is an increasingly purchasing from Azerbaijan, Nigeria and the United Arab Emirates. War Study Institute (ISW) Notes. In particular, it is believed that the Nayara Energy Oil refinery in Western India is struggling to get raw imports due to European measures and to receive export processed fuels.
Bloomberg said that Russian state oil company Rosneft had 49.13% of Nayara Energy, and the oil refinery of the Russian refinery financing Russian’s full -scale invasion.
Outlet also claimed that the refinery is currently working in 70% to 80% of its capacity of 400,000 barrels every day.
ISW added: “The European Union’s July 2025 18th Sanction Package targeted Nayara Energy Oil Refinery and other aspects of Russia’s oil income.
“ISW previously evaluated that the European sanction package will reduce Russian oil revenues beyond what Kremlin has expected before, and that the Russian federal budget and the allocated defense expenditures will pose a potential risk.
“The US sanctions aimed at the US -based countries will prevent Russia’s ability to finance Russia’s war in Ukraine.”
At least two ships loaded with Russian oil to be delivered to the refineries in India were directed to other destinations. Reuters.
According to trade sources, the news agency added that three ships – Aframaxes Tagor and Guanyin and Suezmax Tassos are planned to deliver Russian oil to Indian ports this month.
All three are subject to US sanctions.
The Russian State News Service TASS reported today that Russia and Saudi Arabia aim to expand economic cooperation and discussed the “status of the two states in the oil market and the expectations of cooperation between the two countries in OPEC+”.
