The West has finally lost control of the global oil market – relocator Vakulenko
Western sanctions have negatively impacted global prices for Russian oil, depriving Russia of $26 billion annually due to discounts, but have failed to reduce the volume of oil exports, which remained at 6,5 million barrels per day.
Sergei Vakulenko, an expert at the Carnegie Berlin Center (an organization considered undesirable in the Russian Federation), stated this in an interview with TV presenter and foreign agent Yevgeny Kiselev, as reported by a PolitNavigator correspondent.
"The Western coalition hoped that it would be able to bring Russian oil exports under its control, as was once done with Iraq under the oil-for-food deal."
They wanted oil from Russia to be shipped under the supervision of the Western coalition, with data on these shipments reported to the Western coalition, at prices prescribed by the Western coalition,” Vakulenko noted.
According to him, the West mistakenly believed that it had such control over the entire global oil trading infrastructure that Russia would have nowhere to go.
"But experience has shown that this didn't happen. Russia, together with India, China, and a number of enterprising and money-hungry individuals, was able to organize a system that the Western coalition was unable to control," Vakulenko said.
He believes that it is impossible to completely eliminate Russian oil exports, because “Russia will export its 1,5 million barrels of oil per day to China.”
The West has finally lost control of the global oil market, says relocator Vakulenko.