https://sputniknews.in/20230213/russia-to-send-over-80-of-oil-exports-to-friendly-countries-in-2023-860597.html
Russia to Send Over 80% of Oil Exports to Friendly Countries in 2023
Russia to Send Over 80% of Oil Exports to Friendly Countries in 2023
Sputnik India
Russia plans to send more than 80% of oil exports and 75% of petroleum products to friendly countries in 2023
2023-02-13T16:38+0530
2023-02-13T16:38+0530
2023-02-13T16:38+0530
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"Today we continue to search and find new markets. This year, it is planned to send more than 80% of oil exports and 75% of petroleum products to friendly countries," Novak wrote in an op-ed for the Energy Policy magazine. Another package of sanctions against Russian oil went into effect earlier in February, with the EU agreeing on a $100 per barrel ceiling for Russian diesel fuel, and $45 per barrel for discounted products such as fuel oil. The price cap, however, does not apply to those oil products that are "substantially processed in a third country," as well as if they were produced in a third country by mixing Russian and foreign oil.
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russia, russian oil price cap, russian oil, oil supplies, western sanctions
russia, russian oil price cap, russian oil, oil supplies, western sanctions
Russia to Send Over 80% of Oil Exports to Friendly Countries in 2023
MOSCOW (Sputnik) - Russia plans to send more than 80% of oil exports and 75% of petroleum products to friendly countries in 2023, Russian Deputy Prime Minister Alexander Novak said on Monday.
"Today we continue to search and find new markets. This year, it is planned to send more than 80% of oil exports and 75% of petroleum products to friendly countries," Novak wrote in an op-ed for the Energy Policy magazine.
The official added that Moscow will not export oil to the countries that support the price cap on Russian energy resources.
Another package of sanctions against Russian oil went into effect earlier in February, with the EU agreeing on a $100 per barrel ceiling for Russian diesel fuel, and $45 per barrel for discounted products such as fuel oil.
The price cap, however, does not apply to those oil products that are "substantially processed in a third country," as well as if they were produced in a third country by mixing Russian and foreign oil.
