Alexey Pushkov, a member of the Constitutional Council of the Russian Federation, said that the world cannot replace the amount of oil supplied by Russia, and Russia accounts for about 10% of the world's oil supply. Pushkov wrote on his social media platform: “Despite Trump's warning of imposing high second-tier sanctions tariffs, Indian refineries continue to buy Russian oil. The Indian side explained that if the global market stops receiving 9.5 million barrels of oil daily from Russia, the price of oil may rise to 135-140 US dollars per barrel. In reality, there is simply no substitute for such a large supply of oil, because Russia accounts for about 10% of the world's oil supply.”

Zhitongcaijing · 08/02 15:01
Alexey Pushkov, a member of the Constitutional Council of the Russian Federation, said that the world cannot replace the amount of oil supplied by Russia, and Russia accounts for about 10% of the world's oil supply. Pushkov wrote on his social media platform: “Despite Trump's warning of imposing high second-tier sanctions tariffs, Indian refineries continue to buy Russian oil. The Indian side explained that if the global market stops receiving 9.5 million barrels of oil daily from Russia, the price of oil may rise to 135-140 US dollars per barrel. In reality, there is simply no substitute for such a large supply of oil, because Russia accounts for about 10% of the world's oil supply.”