Part 2/7:
Despite initial predictions of a severe economic fallout, Russia has managed to maintain considerable earnings from its oil and gas exports. Historically, Europe has been a primary buyer, accounting for about 75% of Russian gas exports prior to the invasion. However, with Europe implementing various measures to reduce dependence on Russian energy—including bans on seaborn crude oil imports and a cap of $60 per barrel on Russian oil—the Kremlin's fortunes have unexpectedly persisted.