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Bangkok Post
Bangkok Post
Business

Russia Confounds the West by Recapturing Its Oil Riches

An aerial view shows a tanker at the crude oil terminal on the shore of Nakhodka Bay near the port city of Nakhodka, Russia. REUTERS

Russia pumps almost as much oil into the global market as it did before its invasion of Ukraine. With oil prices up, Moscow is also making more money.

Demand from some of the world's largest economies has given Russian President Vladimir Putin the upper hand in the energy battle that shadows the war in Ukraine, and has confounded the West's bid to cripple Russia's economy with sanctions.

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