Russian Trade Boomed After Invading Ukraine, Providing Ample War Funds
[…] Since the invasion of Ukraine, India and China have emerged as
much bigger buyers of Russian crude. […] In turn, the countries that
used to sell more oil to India and China — like Saudi Arabia, Iraq or Angola — may sell more oil to Europe. That would lead to a global “reshuffling of the energy market,” Mr. Aleksashenko said, in which Russian oil is merely diverted to new markets rather than being cut
out. […] Russia is trying to find buyers elsewhere for its gas. Its
exports to China have increased, but it has only one existing pipeline
to China that can move a fraction of the volume of its pipelines to
Europe. […]
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