Russia Successfully Redirects Oil Exports to Avoid Western Embargo

1 min read
Source: Markets Insider
Russia Successfully Redirects Oil Exports to Avoid Western Embargo
Photo: Markets Insider
TL;DR Summary

Russia claims to have successfully rerouted all the crude oil it would have sold to the West to "friendly" countries, offsetting the impact of sanctions imposed since its invasion of Ukraine. The nation has ramped up its energy trade with "friendly" nations across Asia, African, and the Middle East, with India significantly increasing its oil trade with Russia. However, industry professionals have warned that there could be more obstacles ahead, with sanctions continuing to exert pressure on the industry.

Share this article

Reading Insights

Total Reads

0

Unique Readers

0

Time Saved

1 min

vs 2 min read

Condensed

76%

32579 words

Want the full story? Read the original article

Read on Markets Insider