US pressure in vain.. Russia is flooding Asia with oil, and Iraq is among the beneficiaries

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[size=52]US pressure in vain.. Russia is flooding Asia with oil, and Iraq is among the beneficiaries[/size]

[size=45]The United States is exerting "useless" pressure on Asian countries, including India, in order not to buy oil from Russia, but Russian oil has become the second largest source for the Indian market, directly after Iraqi oil.[/size]
[size=45]The American newspaper "Midland Daily News" indicated in a report that India and other Asian countries have become a vital major source of oil revenues for Russia, despite the strong pressure exerted by the United States not to increase their imports of Russian oil, at a time when European countries stopped importing them. Russian oil, in compliance with sanctions against Moscow over its war on Ukraine.[/size]
[size=45]The newspaper pointed out that these sales enhance the financial returns of Russian exports at a time when Washington and its allies are trying to limit financial flows into the Russian treasury, which finances its military campaign against Ukraine.[/size]
[size=45]Meanwhile, the US Associated Press quoted the Helsinki-based Finnish Research and Energy Institute that Russia generated 93 billion euros (97.4 billion dollars) in revenue from oil exports in the first 100 days of its invasion of Ukraine, despite a decline in export levels.[/size]
[size=45]The report indicated that these revenues constitute 40% of the Russian state budget, and oil exports thus contribute as a major factor enabling the Russian army to continue its war.[/size]
[size=45]The US agency indicated that oil-starved India, with a population of 1.4 billion people, consumed nearly 60 million barrels of Russian oil during 2022 so far, compared to 12 million barrels in the whole of 2021, according to the figures shown by "Kepler Company" for analysis. The data on basic commodities, while shipments to other Asian countries, such as China, have increased in recent months, but to a lesser extent.[/size]
[size=45]The report recalled a statement by the Sri Lankan Prime Minister, Ranil Wickremesinghe, who said recently that his country may have to buy more oil from Russia while it is searching with difficulty for fuel to keep the economic wheel going in light of a bad economic crisis.[/size]
[size=45]Meanwhile, India's Free Express Journal reported that Russia continues to make large sums of money selling oil and gas, despite being subjected to tougher sanctions around the world since the invasion.[/size]
[size=45]The Indian report indicated that the Indian contracts for the purchase of Ural crude oil, which is the most common type of export from Russia, during the months of March, April, May and June, in addition to expectations for delivery in July and August (about 66.5 million barrels in total), exceeding the total amount purchased during the whole of 2021.[/size]
[size=45]After the report indicated that India's imports of Russian oil rose from 100,000 barrels per day in February to 370,000 barrels per day in April, and then to 870,000 barrels per day in May.[/size]
[size=45]The report added that Russian oil imports have now become India's second largest source after imports from Iraq, adding that India is the third largest consumer of oil in the world, and 80% of it is imported from abroad.[/size]
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