Russian oil shifts to accommodate Asia instead of Europe

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Written By Jennifer Joslyn

Asia wins Russian oil while Europe suffers major cut-backs.

Germany, the biggest importer of Russian oil in the European Union, has purchased 19 billion euros worth of Russian fossil fuels from February through August of 2022. Last week, Russia abruptly shut off natural gas flow to the European Union and claimed that it would not be returned until sanctions were removed. Sanctions were originally put in place as condemnation for invading Ukraine earlier this year.

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Jennifer Joslyn
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