Germany reduced the need for Russian oil by 99.9 percent.
The EU oil embargo on Russian oil allowed Germany to completely abandon the resource from the Russian Federation. This was reported on March 13 by Tagesschau, citing data from the Federal Statistical Office.
In January this year, Germany received 3,500 tons of Russian oil. In January 2022, imports were still at 2.8 million tons. Imports from the Asian country have practically stopped.
“Arithmetically, it fell by 99.9%,” the department noted.
In the total volume of oil imports to Germany, Russia’s share has decreased from 36.5% in January 2022 to just 0.1% now. This level demonstrates negative dynamics for the Russian Federation and beyond.
The German authorities have already confirmed the ability to meet the needs of the country’s economy without Russian resources. In January, Christian Lindner, head of the German finance ministry, said the country was no longer dependent on Russian energy imports.
The Russian authorities are trying to justify the fall in oil exports to the countries of the European Union. In February, Russian Deputy Prime Minister Alexander Novak noted that in March oil production by Russian companies would be reduced by 500 thousand barrels per day, that is, by about 5%.
At the end of 2022, oil production in Russia reached 535 million tons. This level corresponds to approximately 10.74 million barrels per day. In the US presidential administration, commenting on the weak activity of the Kremlin in the oil market, she explained that the reduction is due to Russia’s inability to sell all the oil it produces.
Earlier, Focus reported that the sanctions effectively blocked Russia’s access to the European energy market. The Russian Federation is trying to sell its resources to Arab states that are unhappy with US pressure to isolate Russia on the market. The Kremlin continues to intensify its attempts to find alternative methods of realizing resources.
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