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Asian countries are the biggest importers of shunned Russian oil

New Delhi

Asian countries are becoming an increasingly vital source of oil revenue for Moscow, despite strong pressure from the United States not to increase purchases under sanctions linked to the conflict in Ukraine.

A report released on Monday by the Helsinki, Finland-based Center for Energy and Clean Air Research, an independent think tank, said Russia earned 93 billion euros ($97.4 billion ) of income from fossil fuel exports during the first 100 days of the country’s invasion. of Ukraine, despite a drop in export volumes in May.

“Fossil fuel export revenues are the primary catalyst for Russia’s military buildup and aggression, providing 40% of federal budget revenue,” he said.

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Post expires at 8:42pm on Friday June 24th, 2022

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