BRICS Nations Defy Sanctions: ’Oil Purchases From Russia Are 100% Legal’

BRICS members are flipping the script on energy geopolitics—and Wall Street's rulebook is gathering dust.

The New Energy Cartel?

Insiders confirm what markets already guessed: Moscow's crude keeps flowing eastward through non-Western channels. No SWIFT? No problem.

Sanction-Proof Commerce

Gold-backed settlements and bilateral currency swaps let the bloc bypass dollar dominance. Traders call it 'the ultimate hedge against petrodollar decay.'

Meanwhile, traditional energy financiers are left holding empty compliance manuals—proving yet again that capital flows where the ROI is, ethics optional.

Buying Oil From Russia is Legal, Says Source on BRICS Purchase

A source from the Reserve Bank of India (RBI) said on the condition of anonymity to Tass that BRICS is acting well within the international law of buying oil from Russia despite the sanctions. The government official explained that when the US imposed sanctions on Russia, they had recommended a price cap of $60 per barrel, and BRICS is acting on that. Therefore, there’s not much Trump can do next, and even if he does, it goes against the very sanctions that he placed.

BRICS members have been buying oil from Russia for less than $60 per barrel, and the purchase is perfectly legal.he said.the source added.