Seven refineries processing Moscow’s crude in India, Turkey and Bulgaria continued exporting refined fuels to the EU.
So basically, all the financial warfare against Russia has failed.
Seems more like Europe is mostly hurting itself instead.
While this is still a big number, Russia’s oil revenue both from the EU and in total has been massively reduced.
I think it’s hard to argue reducing dependency on resources from a frequently hostile country is “harming themselves”, especially since Russia has intentionally interrupted supply as leverage.
Direct trade has reduced, but Europe is still buying Russian energy through third parties. Russia is still making record profits, third parties are skimming off top, and European public is footing the bill. Pretty good deal for everyone but Europe is seems.
Seems like the main goal was to just convince the public that Europe is no longer dependent on Russia for energy. In that sense they succeeded, since a lot of Europeans now believe this.
