Russia's Wartime Fossil Fuel Trade Dominated by Asian Buyers

Russia's Wartime Fossil Fuel Trade Dominated by Asian Buyers

OilPrice.com

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China followed by India have been the two biggest wartime buyers of Russian fossil fuels, here defined as any oil, coal or gas purchased after Jan. 1, 2023. Turkey was the third-biggest buyer while the European Union came fourth. The economic bloc has attempted to wean itself off its dependency on Russian fossil fuels but has struggled to do so after 2022, especially when it comes to natural gas. Timelines published by CREA show that EU reductions in purchases were very significant during the first year after Russia's invasion of Ukraine, but have…

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