Russian oil and gas sector seeks to adapt to pressure: implications
The Russian oil and gas sector is reorganising itself under sustained geopolitical pressure rather than collapsing, through coordinated adjustments across oil, gas, finance and information. A new US law authorises tariffs of up to 100% on buyers of Russian oil and gas, designed to remain in force for five years, with the president empowered to grant exemptions on national security grounds. India imports roughly 45% of its oil needs from Russia, and the analyst cited expects China and India to demand larger discounts rather than stop buying.
Why it matters: The shift from supply-side sanctions to demand-side tariffs on buyers reconfigures energy security for Asian importers and Gulf producers, since each moving part of the system transmits shocks to the others.