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Russia To Sell Oil, Gas At ‘Any Price Point’ To "Friendly Countries" - Foreign Affairs - Nairaland

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Russia To Sell Oil, Gas At ‘Any Price Point’ To "Friendly Countries" by Mynd44: 5:51am On Apr 14, 2022
Russia is ready to sell its oil and gas to certain nations at “any price point” as the Kremlin looks to prop up the main source of its revenue despite sweeping Western sanctions during the Ukraine war, the country’s energy minister said Tuesday.

Russian Energy Minister Nikolai Shulginov said the offer applies to so-called “friendly countries” – meaning nations that haven’t imposed sanctions since the Kremlin began its brutal invasion of Ukraine.

Shulginov discussed the state of Russia’s energy sector in an interview with Kremlin-friendly newspaper Izvestia, according to Reuters. Russia has continued to reap massive profits from oil and gas sales despite mounting calls for an international boycott of all oil and gas imports from the country.

The energy minister said sale prices could range as wide as $80 to $150 per barrel. Shulginov noted the Kremlin was most concerned on keeping Russia’s oil industry operational during the conflict.

Pavel Zavalny, chair of the Russian State Duma’s committee on energy, previously identified China and Turkey as two nations the Kremlin still considered “friendly.” Meanwhile, India and China are among the countries still buying shipments.

The European Union’s heavy reliance on Russian gas has complicated the West’s efforts to squeeze the country’s economy.

Russian President Vladimir Putin is requiring western nations buying oil and gas from the country to pay for the shipments in rubles – a move widely seen as an attempt to prop up the sagging currency. Last month, Putin warned Russia would cut off shipments for countries that did not follow his ruble requirement.

Ukrainian officials have repeatedly called for a complete embargo on Russian energy – arguing the proceeds were being used to fund the war. So far, the European Union has denied to take that step, with wary officials citing fears of an energy crisis without shipments required to heat homes and maintain electricity.

Oil and gas exports account for approximately 40% of the Kremlin’s annual revenue – and Russia is poised for an even larger windfall this year.

The country will earn nearly $321 billion from its energy exports this year, according to Bloomberg. That figure is an increase of more than a third compared to the previous year.
https://nypost.com/2022/04/13/russia-to-sell-gas-at-any-price-point-to-friendly-countries/

15 Likes 3 Shares

Re: Russia To Sell Oil, Gas At ‘Any Price Point’ To "Friendly Countries" by Jeromejnr(m): 5:53am On Apr 14, 2022
Summary:

Oil and gas exports account for approximately 40% of the Kremlin’s annual revenue – and Russia is poised for an even larger windfall this year.

The country will earn nearly $321 billion from its energy exports this year, according to Bloomberg. That figure is an increase of more than a third compared to the previous year.

68 Likes 5 Shares

Re: Russia To Sell Oil, Gas At ‘Any Price Point’ To "Friendly Countries" by Chieffoo007: 5:53am On Apr 14, 2022
Up Nigeria
Let support Russia

26 Likes 8 Shares

Re: Russia To Sell Oil, Gas At ‘Any Price Point’ To "Friendly Countries" by JesuEruOluwa: 5:53am On Apr 14, 2022
Okay
Re: Russia To Sell Oil, Gas At ‘Any Price Point’ To "Friendly Countries" by HitSong: 5:53am On Apr 14, 2022
More headache for United SNAKE of America cheesy

Russia doing bonanza to pepper bullies, manipulators and enemy of progress.



God bless Russia

109 Likes 5 Shares

Re: Russia To Sell Oil, Gas At ‘Any Price Point’ To "Friendly Countries" by fascowilly(m): 5:54am On Apr 14, 2022
On my way to aso rock to inform our dullard president because of this scarcity.

9 Likes

Re: Russia To Sell Oil, Gas At ‘Any Price Point’ To "Friendly Countries" by HitSong: 5:54am On Apr 14, 2022
Petrodollar MUST END

36 Likes 5 Shares

Re: Russia To Sell Oil, Gas At ‘Any Price Point’ To "Friendly Countries" by Hustlerconnect: 5:54am On Apr 14, 2022
It's just too hard and difficult to defeat Russia. When you're big youre big

109 Likes 8 Shares

Re: Russia To Sell Oil, Gas At ‘Any Price Point’ To "Friendly Countries" by chronique(m): 5:55am On Apr 14, 2022
Russia doing so much to make the dollar very unattractive.

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Re: Russia To Sell Oil, Gas At ‘Any Price Point’ To "Friendly Countries" by Ecos(m): 5:57am On Apr 14, 2022
grin If them like, make them sell their petrol 2 Naira for a litre or 4 Naira for a 'gerican' of gas, na them dey loose not me. They think dey are doing me abi? They are doing themselves

44 Likes 5 Shares

Re: Russia To Sell Oil, Gas At ‘Any Price Point’ To "Friendly Countries" by iykofias(m): 5:58am On Apr 14, 2022
Nice PR, now who wouldn’t want to be friends with the Russians

44 Likes 2 Shares

Re: Russia To Sell Oil, Gas At ‘Any Price Point’ To "Friendly Countries" by zoedew: 5:58am On Apr 14, 2022
Makes sense to use what you have to get what you want! Difficult for some European countries to not take the bait.

25 Likes 2 Shares

Re: Russia To Sell Oil, Gas At ‘Any Price Point’ To "Friendly Countries" by tenpipsperday: 6:00am On Apr 14, 2022
I stopped reading when I got to where they said Russia is reaping massive gain.

Dude is suffocating from numerous sanctions and looking for where he can sell at any price but nairaland urchins will believe everything as long as it portrays US as a losing side.

139 Likes 20 Shares

Re: Russia To Sell Oil, Gas At ‘Any Price Point’ To "Friendly Countries" by digitite: 6:01am On Apr 14, 2022
Does that include the "The Biafran Federation " ?

2 Likes 1 Share

Re: Russia To Sell Oil, Gas At ‘Any Price Point’ To "Friendly Countries" by Cutehector(m): 6:02am On Apr 14, 2022
Solar companies be cashing out rn.

3 Likes

Re: Russia To Sell Oil, Gas At ‘Any Price Point’ To "Friendly Countries" by Mumusaphire: 6:02am On Apr 14, 2022
Lol. Hunger bad.

1 Like

Re: Russia To Sell Oil, Gas At ‘Any Price Point’ To "Friendly Countries" by Kastonkastroll(m): 6:04am On Apr 14, 2022
I thought Russia's economy will be crippled by now according to Boris. Mumu people! Russia isn't a country you can toss around like you do to smaller/weaker countries.

God bless mother Russia undecided

46 Likes 3 Shares

Re: Russia To Sell Oil, Gas At ‘Any Price Point’ To "Friendly Countries" by Mikelarteta(m): 6:04am On Apr 14, 2022
A barrel of oil go soon Dey less than one egg buns money very soon. This na just the beginning.

3 Likes

Re: Russia To Sell Oil, Gas At ‘Any Price Point’ To "Friendly Countries" by ENGINEERG(m): 6:05am On Apr 14, 2022
Evil Russia is just looking for all ways to get friend.
Maybe They will soon be giving free oil and gas to their supporters.
No rest for evil man.

26 Likes 4 Shares

Re: Russia To Sell Oil, Gas At ‘Any Price Point’ To "Friendly Countries" by AroOkigbo(m): 6:06am On Apr 14, 2022
Mumusaphire:
Lol. Hunger bad.
Allow the dead to rest in peace

5 Likes

Re: Russia To Sell Oil, Gas At ‘Any Price Point’ To "Friendly Countries" by money121(m): 6:06am On Apr 14, 2022
Ok

1 Like

Re: Russia To Sell Oil, Gas At ‘Any Price Point’ To "Friendly Countries" by Pastorsmile: 6:07am On Apr 14, 2022
Frustration.

5 Likes

Re: Russia To Sell Oil, Gas At ‘Any Price Point’ To "Friendly Countries" by Feelings79: 6:08am On Apr 14, 2022
Biden fought hard to destroy America's energy indepence put in place by Trump in addition to ensuring a massive divestment from investment in fossil fuels production around the world,under a so called climate change agenda.Obama encouraged Merkel to switch Germany's nuclear power stations under same climate change agenda.Now they now find themselves helpless with a Putin who is smart enough to exploit this situation to pursue his anti NATO move.When Trump saw this coming and branded climate change as a Chinese hoax he was severely mocked as ignorant.Now everyone should understand how intelligent he was

33 Likes

Re: Russia To Sell Oil, Gas At ‘Any Price Point’ To "Friendly Countries" by Originalsly: 6:11am On Apr 14, 2022
Hmmm..... the unforseen ... unplanned for ... unexpected counter attack. Now what?

1 Like

Re: Russia To Sell Oil, Gas At ‘Any Price Point’ To "Friendly Countries" by Bonarotti22: 6:12am On Apr 14, 2022
grin I think say Russia get strong head? Why the desperation to sell your oil at any price? E don dey red for them

27 Likes 2 Shares

Re: Russia To Sell Oil, Gas At ‘Any Price Point’ To "Friendly Countries" by Kennitrust(m): 6:12am On Apr 14, 2022
It Russian against the world

2 Likes

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