Ann: Dividend/Distribution - BHP, page-145

No body buys Russian manufactured goods. Mostly everyone buy raw materials and unprocessed food from Russia. EU will go broke before Russians as there is only one-sided trade. Russians are having huge surplus. EU countries are just waiting to get their money money back by selling designer clothes and shoes etc..

from AFR

"

Record pace’ for Russian oil shipments

Or as experts from the Institute of International Finance put it in a report, Russia’s oil shipments in April are so far proceeding at a “record pace”. Even allowing for the large discount on Russian crude relative to global benchmarks, that means “oil export revenues are likely to surpass by a large margin the same month in previous years”.

Those revenues have driven Russia’s current account surplus to new highs. For the first three months of the year, it amounted to $US60 billion ($83 billion), versus $US120 billion for the entire year in 2021, supplying the Kremlin with fresh revenues to counteract the sanctions, even though Russia is far less able to buy supplies and parts from abroad due to sanctions bans. Russia is the world’s third-biggest producer of crude oil, behind the United States and Saudi Arabi"