4th Jun 2023


EU sanctions have 'limited' effect of Russian oil production

Russian oil production has fallen by less than 3 percent since the invasion of Ukraine, with western energy sanctions having only a "limited" effect, the International Energy Agency has found, as flows are rerouted to India and China. In its latest monthly report, the agency said Russia's oil production in July was 310,000 barrels a day below prewar levels, while total oil exports were down by 580,000 barrels a day.

Read and decide

Join EUobserver today

Become an expert on Europe

Get instant access to all articles — and 20 years of archives. 14-day free trial.

... or subscribe as a group

Join EUobserver

Support quality EU news

Join us