Starting to sting? Putin denounces sanctions as oil revenues contract

While Europe has now come out of a mild winter and only mild discomfort from the cut in Russian gas, oil prices have failed to meet Moscow's expectations, with Russia already selling crude at a discount. We ask if that's about to change and whether Moscow can benefit. The fact is that those oil exports have continued, much to the delight of the likes of India. What's next on that score?

More broadly, how has the invasion of Ukraine affected Russia’s standing amongst a developing world impacted by inflation and supply chain disruptions? A lot hinges on what happens now on the battlefield. 

Produced by Alessandro Xenos, Meiqi An, Juliette Laurain and Guillaume Gougeon.

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