The more the Western embargo, the more profitable Russia will be from energy exports?
The above statement was made by the Minister of Foreign Affairs Russia Sergei Lavrov on June 4 in an interview with the television and radio company Republika Srpska. “On the contrary, this year we have significantly increased the profits from the export of our energy sources,” he stressed.
The Russian foreign minister added: “In general, oil is not an object of politics. Despite Western sanctions, we have alternative markets. We have been increasing sales. “.
Russian Foreign Minister Sergey Lavrov. Photo: Reuters
The statement was made by Sergei Lavrov just days after the European Union (EU) agreed to ban the import of 90% of Russian crude oil. The US also took similar measures, in the context that Russia launched a special military operation against Ukraine from February 24.
The Council of Europe has just approved a ban on oil “moving from Russia into the member states, excluding crude oil delivered by pipeline”. After the EU decision, international oil prices continued to rise.
Before the EU announced the sixth package of sanctions, the International Energy Agency (IEA) said that profits from Russia’s oil exports had increased by 50% compared to the beginning of the year.
The Kremlin is boosting sales to $20 billion a month as exports surge to more than 600,000 bpd in April. Demand from India and China has offset Russia’s reduced exports to the Western market. West. Now both India and China are importing more Russian oil than ever before – Insider cited the IEA report.
European Commission President Ursula von der Leyen and European Council President Charles Michel during the announcement of the ban on Russian oil imports on May 30. Photo: JOHN THYS
In fact, although Russia is facing unprecedented sanctions from the US and its Western allies, according to a report published at the end of April by the Center for Research in Energy and Clean Air, the value of Russia’s fossil energy exports still reached $66 billion, from February 24.
The report also confirms that Germany is the EU member’s largest fossil fuel importer from Russia with a value of $9.5 billion. Italy ranked second with $7.2 billion. Meanwhile, China spent just over 7 billion USD from the end of February to the end of April.
Currently, Germany has stopped the Nord Stream 2 pipeline project, which will increase gas supplies from Russia.
Russia plans to respond to US media
Russia will convene heads of US media outlets in Moscow on June 6, to warn of measures in response to Washington’s restrictions on Russian media.
“If the work of Russian journalists and Russian media is not normal in the United States, we will certainly take corresponding measures,” Foreign Ministry spokeswoman Maria Zakharova said on Wednesday. -6.
Therefore, it is necessary to summon the heads of American media outlets in Moscow to the Press Center of the Russian Foreign Ministry to explain to them the consequences of the “hostile line” in the field of media – Russian Foreign Ministry spokesman added.
Russia accuses the West of imposing unfair restrictions on Russian news agencies residing abroad, including a ban on some Russian state news agencies.
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