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comrade19 ,

Paywalled :(

mhague ,

I tried to get a summary with an llm

The article explains how Russia has managed to evade Western sanctions on its oil sector by using a network of intermediaries and shell companies to sell its crude oil to China, India and other countries. The article estimates that Russia has earned about $11 billion from these transactions since 2022, despite being under US and EU sanctions for its annexation of Crimea and involvement in the war in Ukraine. The article also reveals how Russia has used its state-owned oil company Rosneft and its subsidiary RN-Exploration to explore and develop oil fields in Venezuela, Iran and Syria, which are also under US sanctions.

The article claims that these activities have helped Russia maintain its influence and leverage in the global oil market, as well as its political and military alliances with these countries. The article cites several sources, including US officials, analysts, traders and documents, to support its findings.

The article concludes by saying that the US and its allies have failed to curb Russia’s oil ambitions, and that the sanctions have had little impact on Russia’s economy or its ability to finance its military operations

iturnedintoanewt ,
@iturnedintoanewt@lemm.ee avatar

Paywalled :( FTFY

Bloomberg also made a youtube documentary covering exactly the same article:

www.youtube.com/watch?v=Azm4yKKIlqE

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