Who is buying Russian crude oil and who has stopped News by GBNNEWS

 Staff Reporter:

After the invasion of Russia in Ukraine, Russia makes records on this time. Mostly, India and China, which have refused to condemn Russia's actions, continue to buy russian crude oil. Lured by steep discounts following western sanctions on Russian entities. India has bought at least 13 milion barrels of Russian crude oil since late.

US allies as like Australia, Britain, Canada and the United States have imposed outright bans on Russian oil purchases following Moscow's invasion of Ukraine, but the European Union remains divided.

The bloc's 27 members have been unable to agree on an embargo, with Germany warning against hasty steps that could push the economy into recession, and, some countries, such as Hungary, opposing any bans.

Germany, however, aims to phase out Russian oil imports by the end of this year, officials said, as does Poland.

Many buyers in Europe are shunning Russian crude voluntarily to avoid reputational damage or possible legal difficulties.

GBNNWES

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