Despite the retaliatory measures taken by the European Union once morest Russia following the invasion of Ukraine, the Federation’s oil revenues have already grown by 50% this year, the International Agency for energy (IEA). Moscow has already pocketed 20 billion dollars a month since the beginning of the year thanks to the sale of its oil and products derived from it. Russian exports continue at the same pace, even if the European Union plans to ban imports of these Russian products and multinationals in the sector, such as Shell and TotalEnergies, have promised to stop supplying them.
Asia, on the other hand, continues to import without restriction. India and China seize cargo that Europe no longer wants.
