Russia Successfully Redirects Oil Exports to Avoid Western Embargo.

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Source: Reuters.com
Russia Successfully Redirects Oil Exports to Avoid Western Embargo.
Photo: Reuters.com
TL;DR Summary

Russia has successfully redirected all its crude oil exports affected by Western sanctions over Ukraine to "friendly" countries, according to Energy Minister Nikolai Shulginov. The West imposed wide-ranging sanctions, including an embargo on seaborne Russian oil imports, after Moscow sent its armed forces into Ukraine in February 2022. Russia has been working to reroute its oil and oil product exports to Asia, Africa, Latin America and the Middle East from its traditional markets in Europe. India was the biggest buyer of Russia's benchmark Urals grade crude in March.

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