Partnership with Attaqa

The year 2024 awaits important developments in Russian-Turkish cooperation in the field of oil and gas, which reflects the strong energy relations between the two countries, at a stage witnessing regional and global geopolitical turmoil.

After previously focusing on India's decision to reduce its purchases of Russian oil, our analysis this week focuses on Russian gas to China, Moscow's second pivotal energy ally, amid ongoing Western sanctions.

This week's Attaqa article delves into the evolving trade dynamics between Russia and India, spotlighting the continued trade of Sokol crude oil amidst shifting global economic landscapes. With India's strategic move to bypass the US dollar in oil transactions, this partnership not only challenges conventional trade mechanisms but also signals…

In 2023, Russia's budgeted oil and gas revenues total 8.82 trillion rubles ($99.75 billion), according to the Russian Ministry of Finance, representing more than 30% of total budget revenues. This figure exceeded the expected baseline level by RUB 822 billion and was a significant financial achievement, and this performance represents…