Named countries that nullified Western sanctions against Russia

Oil production. Archival photoMOSCOW, 10 Jun. Due to the growth in purchases of Russian energy resources by China and India, the effectiveness of Western sanctions against Moscow is declining, while there are fears that more and more countries will make “workarounds” with respect to restrictions, according to an article in Nihon Keizai. while the US and the EU have imposed restrictions on the supply of Russian oil, China and India are increasing its purchases, while Russia's income from increasing the volume of supplies of resources to alternative buyers has only increased. «In particular, it is earning higher revenues from its energy exports, supported by Sino-Indian purchases, while the effectiveness of US and European sanctions is significantly reduced,» writes Nihon Keizai.India's foreign minister sharply responded to a question about Ukraine and relations with the WestAccording to Refinitiv, the volume of crude oil imported by China from Russia by sea, excluding pipelines, was about 800,000 bpd in May, an increase of more than 40% compared to with January, and offshore imports of Russian oil to India rose from zero in January to just under 700,000 barrels per day in May. «These are very impressive numbers,» the publication emphasizes. In addition, while purchases of Russian coal from Japan and other countries have decreased, its exports to India have increased significantly, China is also working to expand the supply of this resource, the article says. At the same time, it is highly likely that imports of Russian liquefied natural gas (LNG) by China will increase significantly in the summer, and it is also reported that Indian energy companies have significantly expanded spot purchases of LNG from Russia. some European countries have been suspended (for example, Poland and Bulgaria), this has not affected them in any way in terms of reduction in general. On the contrary, they are even increasing against the backdrop of a significant increase in European prices for imported natural gas,» Nihon Keizai points out. USA and Europe are asking China and India not to buy Russian oil and coal, but with the rapid growth of world energy prices, the economic benefit from purchasing cheaper Russian products is great, the material says. “There are also fears that more and more countries and organizations will perform detours in relation to the sanctions, for example, forge the registration of ships and destinations,” the publication concludes. After the start of the Russian military special operation in Ukraine, the West increased sanctions pressure on Moscow. Brussels is seriously considering giving up Russian oil and gas. Last week, EU permanent representatives approved the sixth package of sanctions, including an oil embargo, disconnection from SWIFT of Sberbank, two more Russian and one Belarusian banks. Hungary has stated that it will only agree to new anti-Russian sanctions if it is provided with guarantees of fuel supplies. As President Vladimir Putin noted, the policy of containing and weakening Russia is a long-term strategy for unfriendly countries, and the main goal of the United States and Europe is to worsen the lives of millions of people. Read the full text of the article on the InoSMI website>>«The rates have skyrocketed»: the US and the EU figured out how to buy Russian oil