Russia Ukraine war, page-27531

The oil business seems steady for Russia. It may sell at a discounted price to India, but still impressive considering the threats to those 2 countries from the West not to buy Russian oil.




BEIJING (May 9): Trade turnover between Russia and China surged by 25.9% year-on-year to $51.09 bln in January - April 2022, the Main Customs Administration of China said on Monday, TASS reported.
According to published data, China’s export to Russia gained 11.3% over four months to $20.24 bln. Export of Russian goods and services to China moved up 37.8% to $30.85 bln. The bilateral trade turnover in April edged up by 8.7% against March to $12.69 bln.
Oil, natural gas and coal account for about 70% in the value of goods imported by China from Russia. Other key items of Russian export include copper and copper ore, lumber, fuel and seafood.

NEW DELHI, April 29 (Reuters) - Indian refiners are negotiating a six-month oil deal with Russia to import millions of barrels per month, multiple sources with knowledge of the matter said, as the world's third largest importer seeks more Russian crude despite Western sanctions.
India has already bought more than twice as much crude from Russia in the two months since its invasion of Ukraine on Feb. 24 as it did in the whole of 2021, according to Reuters calculations. Russia calls the attack a "special military operation" to disarm Ukraine.

Sanctions against Russia have knocked 1 million barrels of crude oil off its production each day — but that's just a "drop in the ocean compared to the intended impact," according to Mike Muller, the Asia head of Vitol, the world's biggest independent crude trader.
Russia made $66 billion from fossil fuel exports in the two months since it invaded Ukraine, according to a report by the Centre for Research on Energy and Clean Air released last week. The revenue was about half the $147 billion it recorded for the whole of 2021 as energy prices have surged this year

$66 billion in 2 months!!! Insane.