While Europe and North America continue to turn their backs on Russian energy, China, India, and several other countries remain happy to buy ‘cheap’ Russian energy products. China is thought to have imported 17 percent more Russian energy between April and July this year. Saudi Arabia more than doubled the amount of Russian fuel oil it imported in the second quarter of 2022. After months of conflict in Ukraine, and an increasing movement away from Russian energy by several world powers, some countries have made it clear that they are not willing to cut ties with Putin when it comes to energy. With Europe and North America turning away from Russian oil and gas, it has made Russian energy prices highly competitive at a time when the world is battling with rising consumer and energy costs. This has led China, India and several other powers to develop their trade […]