Russia does not have the infrastructure for such a reversal.
In Russia, we believe that the most promising markets for these are the Asia-Pacific countries, in particular China and India. In addition, Russian fuel can be exported to the Middle East and Latin America. The Russian mass media write about it.
“Secondly, our Asian partners are well aware of the geopolitical difficulties faced by Russian exports to the West and, taking advantage of this, are demanding significant discounts from Moscow. which reduce the benefits of such trade “, – warns the analyst of the Higher School of Financial Management Mykhailo Kogan.
Amarkets expert Artem Deev also reminds about the significant costs for the new infrastructure. Turning east involves building new highways, an oil and LNG fleet, and expanding the capacity of the Trans-Siberian Railway. , – says Deev.
Read also: Under the sixth package of EU sanctions will be Sberbank and oil – Reuters
Earlier it was reported that Russia has to sell oil at great discounts, The difference with the market price is almost a third.
Recall, the Ministry of Energy of the Russian Federation closed access to statistical information on oil and gas production and export, can be used as additional pressure on the Russian market and its participants.
The European Union plans to impose a phased embargo on Russian oil, but negotiations on this will begin no earlier than the end of the presidential election in France .
