Putin only understands the language of force, and today the most effective pressure is being exerted on the Russian economy. Donald Trump talks a lot about this, but does not take action to strengthen sanctions, similar to most European countries. Meanwhile, the UK has recently adopted a new sanctions package against Russian companies and oil traders from China and India.
India is a crucial market for Russian oil exports: before the war, its share was just 1.4%, but now it has risen to about 34%. There are currently no official statements from Indian representatives about a complete refusal to buy Russian oil; private companies continue purchases. Large sums from Russian oil sales are kept in Indian banks in rupees, and cannot be easily transferred out of the country; these funds must be used for domestic trade or investment in India.
Despite promises, the situation with energy dependence remains difficult. Europe is seeking formal ways to bypass embargoes by purchasing gas through third countries. France and Hungary are signing contracts that often do not fundamentally change the dependence on Russian energy.
Hungarian Prime Minister Orban continues to cooperate with both Russia and the West, acting in his own interests. He blocked €6 billion in EU military support for Ukraine. Such policies largely determine the current situation with Russian energy influence in Europe.
