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Russia has found new oil buyers

In the changed economic realities, companies have to build new supply chains. This was stated by the Deputy Prime Minister of the Russian Federation Alexander Novak.

According to him, Russia has found several new oil buyers. He explained that the supply of resources has increased in a number of areas, including to the countries of the Asia-Pacific region.

“We see, of course, that there are new buyers and an increase in oil exports to suppliers in other directions,” Novak said at a meeting with reporters.

He also added that various infrastructure projects are being discussed in the Russian Federation. One of them involves the expansion of the pipeline to China and the construction of new port facilities, the vice premier said. A working group has already been created on these issues.

Novak stressed that the situation with oil production in Russia has stabilized, in May 2022 this figure increased compared to April.

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