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Russia - India Stops Buying Russian Oil as Sovcomflot is Sanctioned & USA Crackdown Continues - Joe Blogs [View all]
Following the invasion of Ukraine Russia replaced lost oil sales with increased sales to INDIA. By May 2023 India was buying over 2.2 MILLION Barrels Per Day, making it Russia's largest buyer and meant India was purchasing half of Russia's exports. However over the past 6 months the USA has ramped up the POLICING of the sanctions against Russia and this has now resulted in a FALL in the level of trade that India is doing with Russia and India's largest Refinery Business RELIANCE has announced that it will not longer take deliveries from Russia's largest shipping business SOVCOMFLOT due to the recent Sanctions that have been applied against it. In this video I provide more details of the current situation, discuss the problems that Russia is now facing and the impact on the Russian Economy.
Chapters:
0:00 Intro
2:30 RUSSIAN OIL PRICE
6:58 SANCTIONS
9:54 INDIA
11:12 RUSSIAN OIL EXPORTS
14:27 INDIA & USA
15:00 SUMMARY & CONCLUSION
21:38 WIN STILTMAN
8 replies
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= new reply since forum marked as read