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Kremlin: Global Markets Cannot Stabilize Without Russian Oil
Russia Emphasizes Its Oil Market Influence
The Kremlin has declared that Russian oil is essential for the stability of global oil markets. While the world scrambles to stabilize oil supplies and circumvent shipping blockages in the Strait of Hormuz, Russia is reportedly reaping the rewards of increased oil prices. Despite numerous sanctions imposed due to the Ukraine war, Russia's fossil fuel exports are increasing, bringing economic benefits to the country.
Concerns from Western Nations and Ukraine
The situation, where Russia profits from high oil prices, has caused significant concern for NATO, the European Union (EU), and Ukraine. Analysts suggest that despite Western sanctions, Russia could strengthen its economy through energy exports. This raises questions about the effectiveness of both international efforts to stabilize oil prices and the sanctions against Russia, further complicating the international political landscape.
*Source: YouTube: TRT World (2026-03-13)*
