The Kremlin has gotten rich thanks to a U.S. strategic partner
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India has increased its purchases of Russian oil by more than 13 times compared to pre-sanctions volumes. Last year, Russia sold a record $37 billion worth of crude oil to India. This allowed the Kremlin to start the third year of its full-scale war with Ukraine with a record amount in its treasury.
Russia's so-called shadow fleet helps the Kremlin circumvent sanctions and move oil and other natural resources through complex supply routes and heavy bureaucratic entanglements in registering these vessels with various shell companies. Windward estimates that this fleet grew to 1,800 vessels last year.
In 2023, Russia's revenues rose to a record $320 billion and will continue to grow. Some analysts believe about a third of that money was spent on the military conflict in Ukraine last year, and an even larger portion will be used to fund the fighting in 2024.
Last year, the U.S. was the largest buyer of $1.3 billion worth of refined products from India made from Russian crude between the beginning of December 2022, when the price cap was imposed, and the end of 2023, according to a CREA analysis.
Memorial to the fallen Moldovan soldiers of the Transnistrian War in Chisinau. Photo: Alexander Moisseenko
Thirty-three years ago, a ceasefire brought an end to the Transnistrian War—sometimes described by locals as the Russian-Moldovan War. Although the tensions officially ended in 1992, its consequences continue to shape Moldovan politics, society, and security — especially in view of the upcoming parliamentary elections.
Finland is moving to withdraw from the Ottawa Convention, which bans anti-personnel mines. Prime Minister Petteri Orpo said the decision comes as a direct response to growing aggression from Russia.
The ruling Georgian Dream party has approved a set of controversial laws, including a “foreign agent” act aimed at NGOs and media. Critics say it mimics the U.S. FARA but is weaponized against dissent.
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