30 Jun 2022 16:52

Russia has redirected most oil, petroleum products to Asia, able to meet region's growing demand - Novak

MOSCOW. June 30 (Interfax) - Russia has redirected a large share of exports of oil and petroleum products to the Asia-Pacific countries, and has the potential to meet the growing demand in the region, Deputy Prime Minister Alexander Novak said in an interview with the Rossiya 24 TV channel.

"Today, we already have a fairly large share of oil and petroleum products redirected to the Asia-Pacific markets amid 'unfriendly' countries both announcing and taking practical actions to reduce the consumption of Russian oil and petroleum products. In general, we are meeting the growing Asian demand with our capabilities," Novak said.

Novak noted that the Asian market has always been one of the key markets for Russia, saying that it is currently distinguished by a constant level and higher demand for oil and other energy resources, such as gas and coal.