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Sanctions Not Hitting Russian Oil Exports: Lavrov

OIL

Russia’s Lavrov said over the weekend, Western sanctions would have no effect on the countries oil exports, expecting a big jump in profits this year.

  • "Considering the price level that has been established as a result of the West's policies, we have suffered no budgetary losses," Lavrov told a Bosnian Serb television station, "On the contrary, this year we will significantly increase the profits from the export of our energy resources."
  • "Oil, generally speaking, is not subject to politics, there is a demand for it ... we have alternative sales markets, where we are already increasing sales," Lavrov said.
Energy BulletsCommodities
Energy BulletsCommodities

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