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HomeBusinessDespite War, Russia Earned $24 Billion, $13 Billion More Than Last Year

Despite War, Russia Earned $24 Billion, $13 Billion More Than Last Year

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The war between Russia and Ukraine (Russia and Ukraine War) will complete five months. After attacking Ukraine, where on one side, Russia is facing opposition from America and all European countries. Due to this protest, the business of Russia was severely affected. However, despite this, Russia earned $24 billion by selling its petroleum products in the last three months. You will be surprised that Russia has gained all this money from trade with only two countries. These two countries are none other than India and China.

India bought petroleum products worth $5.1 billion from Russia in 3 months.

According to media reports, China bought 18.9 billion dollars worth of oil, gas and coal from Russia in three months. Let us tell you that the amount of money China spent during this period was twice as much as before. Apart from China, India has bought petroleum products worth $5.1 billion from Russia from March to May, which is five times more than before. You will be surprised to know that during the three months from March to May this year, Russia earned $ 13 billion more than India and China last year.

Russia is selling oil to India and China at a discount.

On the other hand, due to the war between Russia and Ukraine, crude oil prices started to skyrocket in the international market. Due to the rise in the price of crude oil, inflation increased worldwide, and the risk of the economy collapsing also increased. On the other hand, Russia started selling oil to India and China at a discount. Due to this, the business of Russia also continued, and India and China began to get low-priced petroleum products.

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India may increase oil imports from Russia.

Laurie Milevirta, who works for the Center for Research on Energy and Clean Air, said China had increased its oil imports last month. At the same time, India has also been continuously buying oil from Russia after sanctions. He said the EU sanctions on Russian oil would go into effect at the end of this year. Therefore, India can accelerate oil import from Russia in the coming time.

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Shubham Dubey
Shubham Dubey
Shubham has an excellent knowledge of science and technology. He has one year of experience in writing articles. He also had worked for many websites. He loves singing and painting.

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