Russia overcomes sanctions by exporting most of its oil to China and India
Russia overcomes sanctions by exporting most of its oil to China and India. Despite Western sanctions, Russia's energy sector developed in 2023. Russia expects Brent crude prices to average between $80 and $85 a barrel next year. The energy industry accounts for 27 percent of Russia's GDP, and its sale abroad accounts for about 57 percent of the country's total exports. The EU has blocked almost all oil imports from Russia, which until then had been the bloc's main supplier. The OPEC Plus alliance is not working to target a specific level of oil prices, but seeks to balance sup...