With 11.3 million barrels produced per day, of which about 7.1 are sold abroad, Russia is one of the largest oil exporters in the world.
The Washington Post has published this infographic on March 8, while Joe Biden’s government decided to ban imports of oil and natural gas from the Russian Federation. This measure expands the panel of economic sanctions already implemented against the country since 2014, after the annexation of Crimea, but especially after February 24, when it invaded Ukraine.
For its part, the European Union, which is much more dependent on Russian oil imports, has pledged to reduce its consumption of Russian gas by two thirds this year. “Only a few countries would have the ability to increase production to replace the sanctions-cut Russian oil,” analyzes the daily. These are the United Arab Emirates, Saudi Arabia, Iran, the United States and Venezuela.