Moscow expects big jump in profits from energy exports in 2022
(Reuters) -Russian Overseas Minister Sergei Lavrov on Saturday stated Western sanctions would haven’t any impact on the nation’s oil exports and predicted an enormous soar in income from vitality shipments this yr.
“Contemplating the worth degree that has been established because of the West’s insurance policies, now we have suffered no budgetary losses,” the international ministry quoted him as telling a Bosnian Serb tv station.
“Quite the opposite, this yr we are going to considerably enhance the income from the export of our vitality assets.”
On Monday, European Union leaders agreed in precept to chop 90% of oil imports from Russia by the tip of this yr to punish Moscow for invading Ukraine.
“Oil, typically talking, shouldn’t be topic to politics, there’s a demand for it … now we have various gross sales markets, the place we’re already rising gross sales,” stated Lavrov.
(Reporting by David Ljunggren; Enhancing by Leslie Adler and David Gregorio)
