Western sanctions continue to take a toll on Russian oil revenues. But Moscow is stepping up its evasion efforts.
Oil
There are no easy solutions to Sudan’s multiple crises. The political, economic, and humanitarian situation is likely to worsen further.
The G7’s Russian oil price cap amounts to a subsidy for many of Asia’s biggest energy players: China, India, Saudi Arabia, and the UAE.
Despite heavy sanctions, Vladimir Putin retains his grip on power and the will to fight in Ukraine.
Wealthy nations will continue outbidding developing nations for energy resources without significant climate adaptation measures.
Without smart policy interventions, the Russian oil price cap is likely to speed up global economic decoupling and could worsen living standards.