After Russia's invasion of Ukraine in February 2022, Western nations imposed harsh restrictions on Russian oil imports. This has led to a significant shift in global trade, with countries like China, India, and Turkey increasing their oil imports from Russia.
After Russia invaded Ukraine in February 2022, there were harsh prohibitions or limitations on Russian oil imports from the West. Other countries, such as China, India, and Turkey, chose to strengthen their trading relations with the nation in the meantime.
The last visual representation of a three-part series on the future of trade is this one from the Hinrich Foundation. Through graphic Capitalist, Julia Wendling gives a graphic explanation of the widening gap between the nations that are rejecting Russian oil and those that are utilizing the surplus supply.
Which Countries Have Decreased or Banned Russian Oil Imports?
The IEA's February 2024 Oil Market Report, which covers Russian oil shipments from 2021 ...
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