Russian federation is rapidly losing its oil market

 Russian federation continues to lose buyers after the introduction of the European embargo and price restrictions on russian marine oil.

Despite the fact that russia is the second largest producer and exporter of oil, as of December, the terrorist country sold raw materials to only four countries in the world, Reuters reports with reference to data from Refinitiv Eikon.

More than half of the total volume shipped from the ports from December 1 to 16 went to India. The country, which before the full-scale invasion accounted for about 1% of russian oil exports, will take 70% of shipments in December.

The second buyer of russian oil remains Bulgaria, which was allowed by the European Commission to purchase Rosneft for the refinery in Burgas. In the first half of December, 800,000 tons of Urals were sent to Bulgaria.

Instead, supplies to China fell sharply: russia sent only one shipment of 140,000 tons of Urals in half a month.

Volumes of russian exports fell significantly to Turkey. This is due to the fact that the largest Star refinery in the country refused Rosneft, fearing to fall under secondary sanctions of the EU. So far, only one batch of 140,000 tons of oil has been sent to Turkey.

According to forecasts, the December plan for oil shipments from russian ports is in danger of being disrupted. Some lots may remain unsold due to lack of buyers.