Putin is making more money from oil than ever before. Despite sanctions and high military spending, the Kremlin has more money in its treasury than ever.
The high income is due to increased trade with India, which has brought the Kremlin $37 million from crude oil sales. India has purchased 13 times more oil than before the outbreak of the Ukraine war almost three years ago. Indian Foreign Minister Subrahmanyam Jaishankar has defended the purchase of Russian oil. Theoretically, New Delhi could also play a mediating role in the Ukraine War.