https://en.sputniknews.africa/20240314/1065542085.html
Russia Made $56 Billion via Diversion of Hydrocarbon Supplies
Russia Made $56 Billion via Diversion of Hydrocarbon Supplies
Sputnik Africa
The European Union has been imposing extensive sanctions on Russian energy imports since 2022. Later that year, restrictions on oil were implemented in... 14.03.2024, Sputnik Africa
2024-03-14T14:29+0100
2024-03-14T14:29+0100
2024-03-14T14:29+0100
infographic
international
russia
turkey (turkiye)
china
european union (eu)
oil
oil pipeline
gas
liquefied natural gas (lng)
https://cdn1.img.sputniknews.africa/img/07e8/03/0e/1065542263_0:0:1280:720_1920x0_80_0_0_50a6ce8060e048270e79ed12493e7a8b.png
According to Sputnik's calculations, Russia made nearly $187 billion from exporting oil, gas, and coal to several friendly nations in 2023 alone, marking a $56 billion increase compared to the average exports to European countries prior to the anti-Russian sanctions. The data analyzed mainly concerns major buyers of Russian hydrocarbons like Turkey, China, India, Brazil, Indonesia, Malaysia, and the EU. In December 2022, Russian authorities banned exporting the country's oil and petroleum products to foreign contractors that provide for contractual price caps in one way or another. The presidential decree entered into force on February 1, 2023, and has since been extended until June 2024.Check out Sputnik's infographics to learn more!
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international, russia, turkey (turkiye), china, european union (eu), oil, oil pipeline, gas, liquefied natural gas (lng), gas pipeline, export, economy, sanctions, anti-russian sanctions, инфографика
international, russia, turkey (turkiye), china, european union (eu), oil, oil pipeline, gas, liquefied natural gas (lng), gas pipeline, export, economy, sanctions, anti-russian sanctions, инфографика
Russia Made $56 Billion via Diversion of Hydrocarbon Supplies
The European Union has been imposing extensive sanctions on Russian energy imports since 2022. Later that year, restrictions on oil were implemented in addition to those on coal, and they still stand today. Despite this, Russian industry continued to divert its supplies and make billions of dollars in profit.
According to
Sputnik's calculations,
Russia made nearly $187 billion from exporting oil, gas, and coal to several friendly nations in 2023 alone, marking
a $56 billion increase compared to the average exports to European countries prior to the anti-Russian sanctions.
The data analyzed mainly concerns major buyers of
Russian hydrocarbons like
Turkey, China, India, Brazil, Indonesia, Malaysia, and the
EU.
In December 2022, Russian authorities banned exporting the country's oil and petroleum products to foreign contractors that provide for
contractual price caps in one way or another. The presidential decree entered into force on February 1, 2023, and has since been extended until June 2024.
Check out Sputnik's infographics to learn more!
