Putin has the last laugh as sanctions fail to dent Russian oil output; U.S. bank’s big admission
Read Time:34 Second
JPMorgan projected this week that Russian oil drillers will maintain high production despite the Western sanctions.
BYPASS THE BIG TECH CENSORSHIP
Get uncensored news and updates, please subscribe to our FREE newsletter!
The Wall Street bank said that it was owing to the growing demand for Russian oil in India and China. The demand for crude oil in India and China is expected to increase collectively by 1 million barrels per day this year.
The US bank said Moscow will be able to maintain the oil output to pre-war levels but will struggle to bring it back to the peak pre-covid levels.
Contributor posts published on Russia Truth do not necessarily represent the views and opinions of Russia Truth, and are not selected, edited or screened by Russia Truth editors.
Bypass the big tech censorship
Get uncensored news and updates, please subscribe to our FREE newsletter!
If you would like to help support us further, please consider a donation
Any amount is greatly appreciated as it helps cover the cost of our server and web-hosting fees, and also enables to fund projects and plan for expansion.
Monthly:
- $1 - click here
- $2 - click here
- $5 - click here
- $10 - click here
- $20 - click here
- More - please contact us