Russia will be able to find new markets for its oil

Russia will be able to find new markets for about half of its oil, which the European Union will refuse from December 5, Bloomberg believes.

Russia will be able to find new markets for its oil
Source: point.md

“Indonesia, Pakistan, Brazil, South Africa, Sri Lanka and some countries in the Middle East can together buy up to 1 million barrels of crude oil per day from Russia in the coming winter,” the agency said.

Bloomberg also believes that the countries of the Middle East will be able to redirect up to 500,000 barrels of Russian oil per day for export this winter instead of using it on the domestic market.

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