Factbox – Who is buying Russian crude oil and who has stopped

Published by
Reuters UK

(Reuters) – Australia, Britain, Canada and the United States have imposed outright bans on Russian oil purchases following Moscow’s invasion of Ukraine, but 27 members of the European Union have been unable to agree on the embargo. Germany, the EU’s largest economy and its biggest oil market, aims to halve its dependence on Russian oil by the summer and entirely end it by the close of this year. Many buyers in Europe, however, have stopped buying Russian crude on the spot market voluntarily to avoid reputational damage, promising to halt purchases completely when earlir signed long-term contra…

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