Energy As Leverage: Sanctions, Russia, And the Reordering of Global Oil Markets
Today, global energy markets are shaped as much by politics as by geology. Russia, long established as one of the world’s largest suppliers of oil and gas, wields significant geopolitical leverage through its energy exports. Yet this influence is increasingly challenged by political instability and the mounting pressure of Western sanctions. Companies such as Lukoil and Rosneft, central to Russia’s energy sector, find themselves at the heart of this confrontation—caught between domestic ambitions and international restrictions.