Russia cannot find new markets where it will sell its oil, which must be done by December 5, when the ban on the supply of oil by sea comes into force in the European Union.

Bloomberg

writes about it

.

The publication's sources report that, except for Turkey, China and India, no one is interested in buying Russian oil in large volumes.

Russia supplied about 740,000 barrels per day to the EU countries, so it will lose a significant amount of its exports next month.

Another 650,000 barrels are delivered daily to Poland and Germany through the Druzhba pipeline.

All these routes will be blocked starting on December 5, so Russia needs to find where it will sell 1.4 million barrels of oil per day.

Journalists of the publication indicate that the peak of supplies to India, Turkey and China was reached by Russia in June, when it sold 2.2 million barrels per day to these countries.

But recently oil imports began to fall, in October this indicator fell by 380,000 barrels per day.

Currently, the total volume of Russian oil exports is slightly above 3 million barrels per day, but this figure is constantly falling.

We will remind, earlier it was reported that the USA

will change the plan to limit

prices for Russian oil.

We also previously informed that a number of global companies 

are forming a "shadow fleet"

 to transport Russian oil under sanctions.

Read also:

  • The price of war: Biden announced a new sale of oil from the strategic reserve

  • Russia's international reserves decreased by almost $25 billion in a month

  • Russia will be able to partially bypass oil price restrictions: the scheme has become known

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