New Delhi, March 30 (TIWN) In early March, oil hit its highest level since 2008 as the turmoil in Ukraine rocked the already tight markets.

The oil market has seen tremendous implications as western countries, led by the US and the UK, have imposed sanctions on Russian oil.

Western corporations have started to shy away from Russia publicly. The current business climate reveals West's double standards which are constantly at play. It seems that the western countries are oblivious that the sanctions will take a toll on the rest of the world.

At the same time, Asian nations, including India and China, have the opportunity to benefit from the situation.

Today, Western politicians openly declare their intention to eradicate everything Russian, pursuing speculative but implicit aims: To weaken Russian economic progress.

Whenever profit can be made, the business sector is not so straightforward - the ban on Russian goods is not that extensive, and the reliance on establishment manifestos regarding dividends is quite evident.