India's oil embargo significantly impacts Russia's war funding

obozrevatel.com (Ukrainian)

India agreed to stop buying Russian oil, a significant blow to Russia's war funding. This deal, announced in early February 2026, follows Western embargoes and impacts Russia's financial strategy. Russia's oil and gas revenues fell 24% in 2025, reaching a five-year low. Energy resources are projected to be only 22% of the 2026 budget, limiting military spending. Experts believe cutting off oil revenue is key to ending the war, forcing Russia to choose between its army and domestic stability.


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India's oil embargo significantly impacts Russia's war funding | News Minimalist