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→Russia sanctions had no impact on exports or revenue
== Russia sanctions had no impact on exports or revenue ==
== Russia sanctions had no impact on exports or revenue ==
The [[EU]] price cap on Russian oil is an example [[government]] interference in the [[economy]] and anti-[[free market]] controls.
The [[EU]] price cap on Russian oil is an example [[government]] interference in the [[economy]] and anti-[[free market]] controls.
[[File:Russian-Sanctions-1-oil.jpg|thumbnail|center|1000px|Unprecedented US and EU sanctions against Russia have had no impact on Russia’s oil exports or revenue. <ref>[https://www.zerohedge.com/geopolitical/how-russia-makes-mockery-us-sanctions-one-picture How Russia Makes A Mockery Of US Sanctions In One Picture], Tyler Durden's Photo, ''[[Zerohedge]]'', DEC 29, 2023. zerohedge.com</ref>]]
[[File:Russian-Sanctions-1-oil.jpg|thumbnail|center|650px|Unprecedented US and EU sanctions against Russia have had no impact on Russia’s oil exports or revenue. <ref>[https://www.zerohedge.com/geopolitical/how-russia-makes-mockery-us-sanctions-one-picture How Russia Makes A Mockery Of US Sanctions In One Picture], Tyler Durden's Photo, ''[[Zerohedge]]'', DEC 29, 2023. zerohedge.com</ref>]]
As of 2025, the revenue from oil and gas constitute 27% of Russian budget.
40% of [[exports]] go to [[China]]. 20% goes to [[India]]. 15% goes to [[Turkiye]] through the Turkish stream pipeline which in turn is sold to [[European]] customers
such as [[Greece]], [[Serbia]], [[Hungary]] and others. About 10 percent goes to [[Brazil]]. 15 percent goes to the so-called "shadow fleet" which are Russian tankers that deliver oil through various intermediaries to a variety of countries all over the
world including [[Egypt]].
{{Clear}}
{{Clear}}