Russia’s fuel and energy complex (FEC) products have increased their exports to $591.5 billion by the end of 2022, and fuel and energy products have been sold to other countries for $21.5 billion per month this year, he is writing RuNews24 with reference to foreign sources. But the sanctions led to a redistribution of trade flows, which changed the nature of foreign exchange earnings.
That is, in April 2022 the cost of exporting these products from Russia to Europe was $ 15.3 billion, while in June 2023 this figure was $ 1.75 billion.
Following the introduction of commodity sanctions and currency restrictions, China, India and Turkey became the main consumers of Russian fuel and energy products. For example, in January 2022, China purchased Russian fuel and energy products for $5.5 billion, and in June 2023 for $8.45 billion; In the same period, the cost of delivery to India increased from $0.65 billion to $4.32 billion.
As a result, the largest importers of Russian coal (for the first half of 2023) include China (46%), India (19%), South Korea (12%), oil – China (51%) and India. (36%), European Union countries (8%), LNG – EU countries (53%), China (20%) and Japan (15%). Turkey (50%) and EU countries (42%) became the main importers of liquefied petroleum gas; Turkey (24%), China (12%), Saudi Arabia (10%), petroleum products, EU countries (43%), pipeline gas, Turkey (27%) and China (21%).
It was learned yesterday that the geography of Russia’s coal exports will be determined by 2030. will pass important changes. According to experts’ forecasts, India will replace China as the main importer.
Russian Prime Minister Mikhail Mishustin had previously signed a decree extending the current ban on rapeseed exports from the country until the end of February 2024. transmitted “Public News Service”.
Before Russia passed The United States for the supply of raw materials for crab sticks to Asia.