Explainer: When EU embargo comes, where will Russia sell its crude oil?

Russia exports around 20 million tonnes of crude per month - roughly five million barrels per day - via several routes. In august, Russia's total exports via European ports and the Druzhba pipeline amounted to 12.05 million tonnes - of which around 5.5 million tonnes (1.3 million bpd) were shipped to countries that will stop importing Russian oil from Dec. 5. The united states and europe are also working on a price cap for Russian oil.
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3 days ago