Russia’s Deputy Prime Minister Alexander Novak announced the country’s plans to sell more than 80% of its crude oil exports to “friendly” countries this year. These “friendly” countries include countries such as China and India, which haven’t participated in product bans, sanctions against Russia, and oil and oil product price capping—as well as Sri Lanka, which is in the throes of an economic crisis.
While India has been criticized for its Russian crude purchases, it has maintained that it must make…Russia To Sell Most Of Its Oil To “Friendly” Countries: Novak
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