So far, Russia is the third largest crude oil producer after the USA and Saudi Arabia. But there could be a drop of as much as 17 percent this year.
(Photo: imago images/ITAR-TASS)
Berlin Russia can sell its oil worldwide and is therefore immune to Western sanctions – the Kremlin has been claiming this for weeks. And critics of the planned European punitive measures also argue that in the event of a boycott, Kremlin boss Vladimir Putin will simply redirect sales to India, China and elsewhere.
But Moscow has not yet passed the test: in the week after Easter, Russian oil exports fell by a further 26.4 percent to 3.63 million barrels a day. This emerges from databases of analysts evaluated by the Bloomberg business agency.
Europe is now picking up significantly less. Russian oil is no longer bought on the spot market. The state pipeline monopoly Transneft has now even asked the Russian oil companies to only deliver as much crude oil as was last sold.
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