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“The Elephant and the Pug-Dog”

Belogoryev Alexey M. Research and Development Director, Director of the Center for Energy strategic analysis and forecasting

The Monocle magazine (No.3. 2025. pp. 4-5), published an article by Alexey Belogoryev, Research and Development Director of the Institute for Energy and Finance, “The Elephant and the Pug-Dog”, on the nature and reasons for the sustainability of the Russian-Indian oil trade despite unprecedented US pressure and the EU's intention stop importing petroleum products produced from Russian oil.

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