Russia plans to sell 80% of oil to 'friendly' countries in 2023

EU set to propose fresh sanctions on Moscow tech and vehicles


Reuters Novak
Russia plans to sell more than 80 per cent of its oil exports to what it calls “friendly” countries in 2023, Deputy Prime Minister Alexander Novak said on Monday, referring to countries that have not sanctioned Moscow over its invasion of Ukraine.

He added that these countries would also receive 75 per cent of Russia’s refined oil products, and that Moscow continued to look for new markets.

Russia has stepped up discounted sales to China and India, in particular, since it was hit by sanctions and a G7 price cap. 

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First Published: Feb 14 2023 | 12:05 PM IST

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