The Finnish research institute Center for Research on Energy and Clean Air's recent analysis of the export of Russian energy carriers draws attention to the fact that the European Union is only harming itself with sanctions against Russia.
According to the research, Russia's revenues from energy exports increased significantly, by 60 percent compared to last year. Balázs Orbán, the prime minister's political director, notes in this regard that it is becoming increasingly clear that the sanctions policy against Russia is completely wrong: it will not reduce Russian revenues, but Europe will have to face skyrocketing energy prices.

the Finnish research , Russia's revenues from energy exports have increased significantly, by sixty percent compared to last year. This is not surprising, adds the analysis, since Russian oil, after being banned from the West, quickly found new markets, namely in Asia.

Germany has been replaced by China as the largest importer of Russian energy, while India has emerged as one of the most dynamically growing markets for Russian oil, which has increased its oil imports from Russia fivefold since the outbreak of the war.

The explanation for why Russian energy carriers can be sold elsewhere is simple: the price of Russian Ural-type oil is around $30 per barrel, while North Sea Brent-type oil can cost up to four times that on international markets.

In other words, while Western countries have given up on cheap Russian oil, Asian countries are taking advantage of the opportunity to buy up these supplies.

It is therefore becoming increasingly clear that the sanctions policy against Russia is a complete misstep: it will not reduce Russian revenues, but Europe will have to face skyrocketing energy prices - read Balázs Orbán's social media page.

Source: hirado.hu

Photo: Ria Novosti / Maksim Blinov