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Thursday, May 4, 2023

Russia oil floods global markets via major Asian intermediaries

Despite western sanctions, there is more Russian fuel being exported around the world than before the Ukraine crisis. It's just coming via Saudi Arabia, India, China, and other trading states – with steep commissions.
May 4, 2023
Despite western sanctions imposed on Russia over the Ukraine conflict, some Asian and specifically West Asian economies are importing significant amounts of Russian gasoline at discounted prices, and reselling it with windfall profits to the EU under their brand names.