Russia's energy export revenue, which is one of its largest sources of income.
As of January 14, 2023, the largest volume of Russian crude oil shipments went to China, at 55.2 million metric tons per day based on a 30-day running average. Since the beginning of 2022, the shipments to the European Union (EU) and the United States have decreased significantly. Both the EU and the U.S. imposed sanctions on oil imports from Russia in response to the invasion of Ukraine in 2022. The EU banned seaborne crude oil imports starting from December 5, 2022, while the U.S. banned all imports of oil and petroleum products from Russia on March 8, 2022. Existing deals had to be ended by April 22, 2022. Furthermore, the G7, the EU, and Australia imposed a price cap of 60 U.S. dollars per barrel from December 5, 2022, to reduce Volume of crude oil shipments from Russia from December 30, 2021 to January 14, 2023, by declared destination (in 1,000 metric tons per day)
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Further Content: You might find this interesting as well
Centre for Research on Energy and Clean Air. (February 21, 2023). Volume of crude oil shipments from Russia from December 30, 2021 to January 14, 2023, by declared destination (in 1,000 metric tons per day) [Graph]. In Statista. Retrieved May 19, 2024, from https://www.statista.com/statistics/1350506/russia-crude-oil-shipments-by-destination/
Centre for Research on Energy and Clean Air. "Volume of crude oil shipments from Russia from December 30, 2021 to January 14, 2023, by declared destination (in 1,000 metric tons per day)." Chart. February 21, 2023. Statista. Accessed May 19, 2024. https://www.statista.com/statistics/1350506/russia-crude-oil-shipments-by-destination/
Centre for Research on Energy and Clean Air. (2023). Volume of crude oil shipments from Russia from December 30, 2021 to January 14, 2023, by declared destination (in 1,000 metric tons per day). Statista. Statista Inc.. Accessed: May 19, 2024. https://www.statista.com/statistics/1350506/russia-crude-oil-shipments-by-destination/
Centre for Research on Energy and Clean Air. "Volume of Crude Oil Shipments from Russia from December 30, 2021 to January 14, 2023, by Declared Destination (in 1,000 Metric Tons per Day)." Statista, Statista Inc., 21 Feb 2023, https://www.statista.com/statistics/1350506/russia-crude-oil-shipments-by-destination/
Centre for Research on Energy and Clean Air, Volume of crude oil shipments from Russia from December 30, 2021 to January 14, 2023, by declared destination (in 1,000 metric tons per day) Statista, https://www.statista.com/statistics/1350506/russia-crude-oil-shipments-by-destination/ (last visited May 19, 2024)
Volume of crude oil shipments from Russia from December 30, 2021 to January 14, 2023, by declared destination (in 1,000 metric tons per day) [Graph], Centre for Research on Energy and Clean Air, February 21, 2023. [Online]. Available: https://www.statista.com/statistics/1350506/russia-crude-oil-shipments-by-destination/