The Russian export of oil and petroleum products to Europe will account for no more than 4% to 5% of total supplies in 2023, according to Russian Deputy Prime Minister Alexander Novak.
“Previously, we supplied a total of 40% to 45% of oil and petroleum products to Europe, and this year, we expect the figure not to exceed 4% or 5% of total exports,” Novak said in an interview with Rossiya-24 television.
Novak highlighted that during the current circumstances, China and India became Russia’s major partners instead, with China’s share amounting to 45% to 50%.
“There were virtually no exports to India before. Over the past two years, the total share of exports to India increased to about 40%,” he added.
Earlier this month, the Russian authorities prolonged the prohibition on the entry of trucks from the European Union (EU), the UK, Norway, and Ukraine.
This extension is valid until the reasons for its initial implementation are resolved, as stated by the Russian Cabinet on their Telegram channel.
Initially enacted in 2022, this ban was Russia’s countermeasure to the EU’s refusal to permit trucks with Russian and Belarusian registration to enter.
However, exemptions continue for vehicles transporting postal services, diplomatic correspondences, and humanitarian assistance.
Additionally, the ban will not affect vehicles providing technical support for the transportation of equipment and sports vehicles to sports event locations.
