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In December of last year, trade between Russia and Brazil increased by 1.8 times, reaching $1.6 billion for the first time. This was due to a record volume of Russian petroleum product supplies, according to RIA Novosti calculations based on data from the Brazilian statistical service.

At the end...

By Rhod Mackenzie

Russia plans to reduce the share of supplies of oil and its products to European countries to 4-5% of total exports by the end of 2024. This was stated by Russian Deputy Prime Minister Alexander Novak live on the Rossiya 24 TV channel on Wednesday 27 December.

"If previously we...

By Rhod Mackenzie

Turkey has made up to $2 billion in extra profits in 2023 by importing discounted oil and petroleum products from Russia. Despite Western sanctions, Ankara aims to increase its purchases of Russian energy resources.

Over the past year, Ankara has become the largest buyer of Rus...

By Rhod Mackenzie

India and China took the lion's share of Russian oil exports that dropped out of the European market. However, other buyers also contribute to the Russian budget: Brazil, Saudi Arabia, the UAE. All of them increased purchases of oil and petroleum products from Russia. Analysts st...

By Rhod Mackenzie
In October, Russia exported a record batch of crude oil to Brazil - 207 thousand tonnes worth $133 million, RIA Novosti reported after analysing data from the Latin American country's statistical service. A leading analyst at Freedom Finance Global Natalya Milchakova commented on...

By Rhod Mackenzie

The implementation a price ceiling on Russian oil has been seriously unsuccessful, a fact that has already been acknowledged in Europe.  Nevertheless, Washington still refuses to accept this outcome and now, nearly a year later, has levied sanctions on two shipping companies. Add...