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Russia: We have enough oil and gas buyers even with sanctions | Russia-Ukraine war News

The United States has banned imports of Russian oil and other fossil fuels, a move that sent prices of commodities from energy to metals to grains surging.

By Bloomberg

Russia has enough buyers for its oil and gas even as Western nations and their allies impose sanctions in response to the invasion of Ukraine, according to a top Kremlin official.

“We will not persuade anyone to buy our oil and gas,” Russian Foreign Minister Sergei Lavrov said Thursday at a briefing in Turkey following a meeting with his Ukrainian counterpart Dmytro Kuleba. “If they want to replace it with something, they are welcome, we will have supply markets, we already have them.”

Share of Natural Gas Imports Coming From Russia, 2020

The statement comes as Europe, the single-largest buyer of Russian energy, is weighing the likelihood of gas-supply disruptions as the war with Ukraine continues. The continent, which is dependent on Russia for about 30% of the gas…

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