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Russia pivots oil sales

Oil exports to the two most populous countries on the planet, India and China, have made up 90% of all Russia’s crude exports this year, Novak said China’s share of Russian exports had grown to around 45-50%. But the deputy prime minsiter also said that, of the two markets, it was India where Russian sales were growing most rapidly.India has even been able to purchase exported Russian crude oil, sometimes at a discount, refine it, and then sell it to Europe. This is partly possible because refineries often use crude from various sources, making it difficult or impossible to define where the end product originally hailed from. Are the sanctions ineffective ?

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