Oil production. Archival photoMOSCOW, 16 Apr. Despite large-scale sanctions from the West, Russia's energy sales have not decreased, but rather increased, writes Business Insider. According to the publication, the US, UK and EU have imposed significant sanctions against the Russian energy sector. «Despite these steps, Russia is selling more oil and gas today than before the conflict,» Business Insider points out.The head of the Ministry of Energy allowed the price of oil to rise to $150 per barrel. According to the Russian Ministry of Finance, in April the government expects to receive about $9.6 billion from the sale of energy resources. And according to Bloomberg forecasts, this year Russia will earn about $321 billion from energy exports, more than a third more than in 2021, the article says. «These forecasts run counter to the massive sanctions imposed by the West last month.» , — emphasizes the edition. Thus, Russia still has enough buyers to support its energy sector and generate high income from trade. According to Reuters, since the start of the special operation, India has bought at least 13 million barrels of Russian oil, while for the whole of last year the volume of purchases amounted to 16 million. In addition, China remains an important buyer of Russian oil. Even the European Union, which, although it is exploring the possibility of abandoning Russian resources, is still a major buyer for the moment. In addition, the Russian government is currently looking for new buyers for its energy resources. «Oil money will most likely continue to flow into Russia, since India and China have not announced that they will change their trade programs,» the publication concludes. After the start of the Russian military special operation to demilitarize and denazify Ukraine, the West stepped up sanctions pressure on Moscow. Restrictive measures are directed primarily against the banking sector and the supply of high-tech products. Calls to reduce dependence on Russian energy resources have become louder in Europe. All this has already turned into economic problems for Western countries, causing an increase in fuel and food prices. The Kremlin called the sanctions an economic war the likes of which had never happened before, but emphasized that they were ready for such a development of events. collapse without Russian gas
