Russia Locks in Two New Oil Deals to Keep Dollar Flowing

Russia Locks in Two New Oil Deals to Keep Dollar Flowing

Russia has secured agreements to supply oil to both Malaysia and Indonesia, a move analysts say is aimed at maintaining access to U.S. dollars amid Western sanctions.

· 1 min read ·
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Russia has promised to guarantee long-term oil and gas supplies to Malaysia. Analysts say the move appears to be a hidden strategy to help the Russian government maintain access to U.S. dollars [182826]. Separately, Indonesia’s Energy and Mineral Resources Minister, Bahlil Lahadalia, confirmed on Wednesday that the government is finalizing a contract to import crude oil from Russia, though specific details about volume and timeline have not been disclosed [182187].

The Indonesian minister stated the contract is being prepared as part of efforts to secure affordable energy supplies amid global oil price volatility. The confirmation marks a significant step in Indonesia’s energy diversification strategy [182187]. No further information was provided on potential payment mechanisms or compliance with international sanctions [182187].

Sources

Putin Offers Malaysia Oil Deal to Secure US Dollars #182826Russia Oil Import Deal Confirmed by Minister #182187

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