Russia Signed Agreements with Vietnam to Circumvent Sanctions: Oil Price $75 vs Ceiling $47.6

Agreements Between Russia and Vietnam

Russia has signed agreements with Vietnam to circumvent sanctions, allowing for the disguise of the origin of Russian oil and its sale at a price above the G7 set price. The Main Intelligence Directorate of Ukraine reported on intergovernmental agreements between Moscow and Hanoi, approved by the government of the Russian Federation in May this year.

The guaranteed price of oil in these agreements is no less than 75 US dollars per barrel. This significantly exceeds the price ceiling set by EU countries in July 2025, which is 47.6 US dollars per barrel. Such circumstances indicate Russia's intentions to adapt its oil supplies to international market conditions, despite the restrictions.

Long-Term Plans and New Opportunities

The agreements envisage the creation of subsidiaries in third countries, which may help Russia strengthen its position in the international oil market. At the same time, Vietnamese and Russian entities will receive licenses for the development of new subsoil areas in the Nenets Autonomous Okrug of Russia. The terms of the existing licenses are extended until 2050, indicating the long-term plans of both countries in the field of energy cooperation.

Thus, the agreements between Russia and Vietnam demonstrate new oil maneuvers that may significantly impact the global energy market and the further development of relations between states. Given the increasing complexity of international trade relations and the impact of sanctions, these agreements could become an important step for Russia in its efforts to maintain its position in the energy market despite pressure from Western countries. At the same time, this may pose new challenges for the international community in the context of controlling energy resources and adhering to sanction regimes.