Russia Successfully Redirects Oil Exports to Avoid Western Embargo

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.
- Russia rerouted all oil it would have sold to the West to 'friendly' nations Markets Insider
- Russia says it has rerouted all oil exports hit by Western embargo Reuters
- Russia Claims To Have Completely Redirected Oil Exports To Avoid Embargo OilPrice.com
- Russia cheers new export routes — but expects decline in oil and gas production Upstream Online
- The Old World Order For Crude Oil Is Disappearing Forbes
Reading Insights
Total Reads
0
Unique Readers
0
Time Saved
1 min
vs 2 min read
Condensed
76%
325 → 79 words
Want the full story? Read the original article
Read on Markets Insider