The World Bank has reported that Russia’s economy will contract a mere 0.2% in the current year, way less than last year’s 2.1% dip thanks to increased oil exports to India and China. India in particular has dramatically ramped up purchases of Russian oil, with crude imports growing a staggering 1,500% in May to over 2.
15 million barrels per day in May. Last month, a report by the Center for Research on Energy and Clean Air (CREA) titled Laundromat: How the price cap coalition whitewashes Russian oil in third countries, revealed…Whitewashed Urals Crude To Soften Russian Economy Contraction
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