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EU share in Russian oil exports may drop to zero, experts say

The structure of Russian crude oil and petroleum products export will stay unchanged in 2024, Vasily Tanurkov from ACRA said

MOSCOW, January 5. /TASS/. The Europe’s share in Russian oil supplies may not be above 8% and may even drop to zero, experts questioned by TASS say.

"I do not think the situation may change in 2024 - more than 80% of Russian oil will be directed to China and India. The EU share may fall to zero by the end of 2024; I do not think that oil supplies to the EU from Russia will be above 1-20 mln metric tons as of the end of the year, i.e. they will stand at less than 8% of Russian exports," sector head of the Institute of Energy and Finance Sergey Kondratyev said.

The structure of Russian crude oil and petroleum products export will stay unchanged in 2024, Vasily Tanurkov from ACRA said. Main flows will go to India and China as in 2023 but there is an opportunity for a certain increase of supplies to Africa and other Asian countries, the expert added,

Russia will deliver about 90% of its oil to China, India, Malaysia and Turkey, Nikolay Dudchenko from Finam said. "Asian countries will to all appearances remain key countries for exports of oil and petroleum products: China, India, Turkey, Malaysia, South Korea, and Singapore. It is fairly probable that the share of African countries will grow - these are Morocco, Tunisia, Libya, Egypt, Togo, and Senegal," he said. Europe has already slashed its share in Russian oil supplies by 80-90% but Slovakia, Bulgaria and Hungary are still receiving Russian oil within the framework of an exception from the EU embargo, Dudchenko added.

The share of Asia in exports will grow but there is a need to keep an eye on other markets, Dmitry Kasatkin from Kasatkin Consulting said. "Russian oil, gas and [petroleum] products are gradually entrenching in new markets. Exports are gradually diversifying: supplies to Brazil and Pakistan and to new geographies in Asia are growing. The share of Asia will increase from year by year and it is also important to pay attention to the share in other regions," he added.

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Alexey Erkhov also recalled Russia's interest in participating in the implementation of the second NPP in Turkey

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The US was notified automatically 30 minutes before the launch by Russia's Nuclear Risk Reduction Center

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Kremlin accuses Biden’s team of trying to thwart Trump’s efforts for settlement in Ukraine

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Dmitry Peskov said that he himself did not know about this work before Russian President Vladimir Putin announced it

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Russian forces pound Ukrainian military airfields, energy sites over day — top brass

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Russia’s Permanent Representative to the Vienna-based international organizations Mikhail Ulyanov said that what has been done by the White House is very dangerous

Western air defense systems unlikely to intercept Russian missiles — France’s Le Monde

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When asked if the 1998 Russian-US memorandum of understanding on notifications of missile launches remained in effect, Sergey Ryabkov answered in the affirmative

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"There is more in the Russian arsenal than many believe," said Karin Kneissl, the former Foreign Minister of Austria

US did not contact Russia after use of Oreshnik missile — Deputy Foreign Minister

In his televised address to the nation on November 21, Putin stated that the United States and its NATO allies had authorized the use of long-range high-precision weapons before US and British missiles struck Russian military facilities in the bordering regions of Kursk and Bryansk

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Senior envoy sees Putin’s statement as signal of Russia’s readiness for military responses

Sergey Ryabkov stressed that Russia has its underlying security interests "that will be ensured by every means that we have at our disposal"

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The New York Times reported on November 17 that US President Joe Biden had authorized the use of US-supplied ATACMS tactical ballistic missiles for strikes inside Russia

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"I am sure that neither of us is even aware right now of any new future developments," Dmitry Peskov said

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Developments in Russia’s Kursk Region: Counselling for residents, enemy’s losses

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Alexander Stepanov emphasized that both Kiev and its Western allies are closely scrutinizing the consequences of the strike on the plant

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Russian troops mopping up enemy positions in Yelizavetovka in Donbass region — politician

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Ukraine abandons Selidovo, laying mines in wells — security services

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Dmitry Peskov noted that Russia is well aware of Romania’s current government’s policy

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Citizens of Poland, Germany, Italy apply for residence permit in Lugansk Republic

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Conflict in Ukraine no longer regional war — German defense minister

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US, European officials suggest returning nukes to Ukraine — NYT

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Kremlin doesn’t see Trump’s future term through ‘rose-colored glasses’ — spokesman

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Moscow to announce new Russian ambassador to US after relevant decree is signed — Kremlin

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Russia’s updated nuclear doctrine is a signal to the West, Kremlin confirms

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Lukashenko tells Putin situation is "starting to get tense with Wagner"

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Zelensky shook up by Russia’s response to permission to attack it — Lavrov

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Putin, Turkish president hold phone talks — Kremlin

The leaders also discussed some international issues