In 2023, Russia will sell more than 80% of its oil to “friendly” countries – #Russia #sell #oil #friendly #countries

February 13 (Reuters) – Russia In 2023, it plans to sell more than 80% of its oil exports to the countries it calls “friends”. Ukraine.

He added that these countries will also receive 75% of Russia’s refined oil products, and Moscow continues to look for new markets.

Russiahas increased concessional sales to China and India, particularly as it has been hit by Western sanctions and G7 price caps designed to limit its ability to finance the war in Ukraine with oil revenues.

Novak also warned of uncertainty in global oil markets, USAsaid that Western countries included in the OECD group, which includes Canada and Norway, can release their strategic oil reserves.

Written by Caleb Davis; Edited by Mark Trevelyan

Our standards: Thomson Reuters Trust Principles.

2023-02-13 14:05:35
Source – reuters

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