Hochstein said the global oil demand increase from consumers coming out of the COVID-19 pandemic was "far greater, stronger than anyone predicted."
Hochstein said that while those Russian sales to China and India have been discounted compared with supplies from other countries, the global market price surge means Russia's revenue is likely higher now. India's purchases of Russian oil more than doubled in May from the previous month to hit a record high above 840,000 barrels per day and will likely rise again in June, according to commodity analysts Kpler.
When asked about his view on imposing secondary sanctions on countries like India, Hochstein said the most important thing is reducing Russia's revenue while mitigating the impacts of soaring fuel prices at home and on allies.
as long them traitor mega rich greek oil tankrs b keep on filled it'll no stop this by bak doorin system !! only 1 solution once greek tankrs leave russian watrs UN international order be passed to b siezed n sales b used to fund ukranians efforts. !! Period
Toothless tiger called sanctions sure works
But putins daughter can’t get a reservation in the canne islands any longer!!!!
The sanctions are only hurting the countries who levelled them against Russia. Clown world.
Yet another Biden blunder.
So economically Putin is winning?
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