Did Trump fail on this front? China, India or Europe, who bought the most Russian oil in October?
India's total fossil fuel imports from Russia reached $3.1 billion, while China's reached $5.8 billion. Turkey ranked third with $2.7 billion, while the European Union was the fourth largest importer with $1.1 billion. Let us tell you what the figures were like.
The US President has taken significant action to prevent Russian crude oil from entering the market, but he appears to be failing on this front.
A report from the Helsinki-based Center for Research on Energy and Clean Air (CREA) tells a similar story. According to CREA, India was the second-largest importer of Russian crude oil after China in October, purchasing $2.5 billion worth of oil, while Beijing imported $3.7 billion worth. Meanwhile, the US is currently negotiating trade deals with both countries. Major announcements are expected in the next few days or weeks.
How much fossil fuel did you buy?
India's total fossil fuel imports from Russia reached $3.1 billion, while China's imports were $5.8 billion. Turkey ranked third with $2.7 billion, while the European Union was the fourth-largest importer with $1.1 billion.
Western countries are pressuring India and China to curb their purchases of Russian oil, arguing that it is helping finance Moscow's war in Ukraine.
Last month, the US imposed sanctions on Russia's two top oil exporters – Rosneft and Lukoil – and the impact of these measures is expected to be reflected in India and China's December import figures.
Turkey bought coal
China remained the largest buyer of Russian coal, ahead of India and Turkey. India imported $351 million worth of Russian coal and $222 million worth of oil products in October.
Turkey was the largest buyer of Russian oil products last month, importing $957 million, nearly half of which was diesel. It also purchased $929 million worth of Russian pipeline gas and $572 million worth of crude oil.
How much Russian gas did the European Union buy?
The European Union imported $824 million worth of Russian LNG and pipeline gas and purchased $311 million worth of Russian crude oil in October.
South Korea remained the fifth-largest importer of Russian fossil fuels. More than half (53%) of its imports – worth $215 million – were coal, followed by LNG ($107 million) and oil products ($80 million).