UK's Indirect Purchase of Russian Oil Through Asia-Pacific Refineries
UK continues buying Russian oil through petroleum products from Asia — Novak
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The UK is circumventing direct sanctions by sourcing refined petroleum products made from Russian oil supplied to Asia-Pacific countries, according to Russian Deputy Prime Minister Alexander Novak. This shift highlights the ongoing demand for Russian oil despite sanctions.
- 01The UK has shifted from direct purchases of Russian oil to buying refined petroleum products from Asia-Pacific countries.
- 02Alexander Novak stated that the UK is purchasing these products from countries like India, which refine Russian oil.
- 03After sanctions, Russia redirected its oil supplies to friendly nations such as China, India, and Africa, maintaining strong demand.
- 04The St. Petersburg International Economic Forum (SPIEF-2026) is discussing global economic transformations, with Saudi Arabia as the guest country.
- 05The forum includes various events focused on economic development and cultural programs.
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At the St. Petersburg International Economic Forum (SPIEF-2026), Russian Deputy Prime Minister Alexander Novak revealed that the United Kingdom has been purchasing petroleum products refined from Russian oil supplied to Asia-Pacific countries, particularly India. This shift occurred after the UK ceased direct purchases of Russian oil, highlighting a pragmatic response to market shortages of gasoline and diesel fuel. Novak criticized the UK's previous stance against Russian oil, noting that when faced with supply issues, they reverted to sourcing refined products made from Russian oil. He emphasized that despite international sanctions, Russia has successfully redirected its oil exports to friendly nations, including China, India, and Africa, where demand for Russian oil remains high. The SPIEF-2026, held from June 3-6, focuses on creating a stable future amid global economic transformations, featuring discussions on various topics including small and medium enterprises, creative industries, and drug security.
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