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Russia lost 90% of its pre-sanctions key oil market – Bloomberg

byAlya Shandra
21/11/2022
1 minute read
Russia lost 90% of its pre-sanctions key oil market – Bloomberg

According to Bloomberg, Russia has already lost 90% of its key oil market in Europe.

Russian oil shipments to northern Europe have fallen below 100K barrels a day, compared to 1.2 million barrels a day in early February before the Russian invasion of Ukraine. Three-quarters of Russian crude loaded at ports is headed to Asia.

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