Russia Diverts Oil Exports to India and China Amid Western Sanctions

Despite Western sanctions over the Ukraine conflict, Russia's oil and gas revenues are expected to remain stable at $98 billion this year.

Russia has redirected most of its oil exports from Europe to India and China, circumventing Western sanctions over the Ukraine conflict.
Europe, previously the largest buyer of Russian oil, now accounts for just 4-5% of Russia's oil exports.
India's share of Russian oil exports has increased to about 40%, while China's share has grown to 45-50%.
India has been buying Russian crude oil, refining it, and selling the refined product to European countries.
Russia's oil and gas revenues are expected to reach 9 trillion rubles ($98 billion) this year, similar to the level before the Ukraine conflict.