Russia will not provide 4-5 percent of its total exports of oil and oil products to European countries until the end of 2023. About this on TV channel “Russia 24” Deputy Prime Minister Alexander Novak said:
Novak explained that in the pre-sanction period, this rate was around 40-45 percent.
He also added that Russia, for example, had provided almost no energy resources to India before, but its share in exports has increased to 40 percent in the last two years.
Last week, First Deputy Prime Minister Andrey Belousov at the National Projects Council meeting statedHe said that Russia increased its crude oil exports by 7% to 250 million tons in 2023 compared to 2021, despite the sanctions imposed on the country and efforts to limit the purchase of Russian energy resources.
He also noted that Russia will not completely stop exporting its energy resources to Europe and some other unfriendly countries.
Previously recognizedWhen oil prices fall to $50 per barrel.