Monday, April 18, 2022

Many Nations Are Refusing To Buy Gas And Oil From Russia But Others Are Snapping Up Cheap Supplies

Russian oil sales have gone up — not down — after massive sanctions from the West. © Reuters/Hani Amara 

 Business Insider: Many nations are refusing to buy gas and oil from Russia but others continue to snap it up. Here's what we know so far. 

* Several countries have cut energy ties with Russia, while others are snapping up cheap supplies. 

* The US, UK, and some EU countries have all taken action. 

* India and China, however, continue to maintain their oil and gas trade with Russia. 

A divided approach toward the Russian energy trade has become more apparent in recent weeks. 

While some nations have deliberated or announced bans on Russian oil and gas imports, others are doubling down. 

When Russia launched an unprecedented attack on Ukraine earlier this year, Western nations joined forces to impose sanctions on the country in an effort to punish Russia for its actions.  

Read more ....  

WNU Editor: Russian sanctions are not working .... Russian oil sales have gone up — not down — after massive sanctions from the West (Business Insider).  

Update: Infographic: How much of your country’s oil comes from Russia? (Al Jazeera).

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