China and India Buying All of the Russian Oil Europe Doesn’t Buy

Russia has not suffered at all from these sanctions.

At this point, it is only logical to view the “anti-Russian sanctions” as American sanctions on Europeans.

RT:

India and China have stepped up purchases of Russian Arctic oil grades following Western sanctions on Russian crude, Reuters reported on Thursday, citing traders and vessel-tracking data from Refinitiv. The EU, G7 nations and Australia introduced a price cap on Russian oil late last year, while the EU also placed an embargo on seaborne Russian crude.

According to the report, Indian purchases of Russia’s Arco and Arco/Novy Port grade crude reached a record of 6.67 million barrels in November. Another 4.1 million barrels of those crude grades were supplied to the country in December, along with a 900,000-barrel shipment of Varandey crude, India’s first purchase of the grade. Prior to Western sanctions on Russian energy, Arctic grades were usually supplied to European countries.

A source cited at an Indian refiner stated gross product margins from the processing of Russian Arctic crude grades are over $10 a barrel higher against similar quality US oil. Along with steep discounts sellers offer for Russian shipments, this makes Russian oil increasingly attractive to buyers, analysts say.

Prior to the crisis in Ukraine, India, the second-biggest oil consumer in Asia, was a small marginal buyer of Russian crude. However, the situation changed after Western buyers started shunning the fuel due to sanctions, and in November last year, Russia became India’s largest oil supplier.

People need oil!

No one in the Third World is stupid enough to believe in this windmill gibberish.

That is a form of stupidity that is native only to white people.