Russian President Putin and Energy Minister Alexander Novak attend the Russian Energy Week 2017 forum in Moscow
Russian President Putin and Deputy Prime Minister Alexander Novak.
  • Russia has diverted most of its oil exports from Europe to India and China, a top official said.
  • The EU was the largest buyer of Russian crude oil and oil products, accounting for nearly half of the exports.
  • The bloc has banned the import of Russian crude oil and products over the war in Ukraine.

Russia has overcome Western sanctions against its oil exports by diverting all the shipments east, a top Russian official said on Wednesday.