So, what would happen to those 6 million barrels a day if the West stopped buying? Russian officials have threatened to send it “elsewhere,” while the media have focused on stories of stepped-up sales to China and India. But this threat of a redirection to Asia is a paper tiger. - Apr 26, 2022
https://www.politico.com/news/magazine/2022/04/26/sanction-r...
Once sanctions are fully in place, Russia’s total crude and product exports (seaborne + land) could fall by as much as 3.3 to 3.9 million barrels a day from a baseline of 7.5 million barrels a day - Oct 19, 2022
https://navigatingrussia.substack.com/p/putins-looming-tanke...
Lots of convincing details and analysis about how oil would be stranded in Russia or forced to sell to the west at a deep discount due to the "price cap" strategy. So what are Russian oil exports looking like 2 years later?
Russia continues as a dominant oil exporter in 2023 despite global sanctions, maintaining a yearly export volume of around 7.5 million barrels per day (mb/d), as per analysis by the International Energy Agency.
With EU/UK/US markets turning away, Russia has pivoted towards India, China, Türkiye, and countries in the Middle East, retaining its position as the world’s second largest oil exporter behind the US in 2023.
https://qery.no/russian-oil-exports-pivots-towards-the-east/
According to the [IEA], Russian ... exports have remarkably steady around 7.5 million barrels per day (although there has been a big shift away from supplying the EU directly)
https://cepr.org/voxeu/columns/how-make-price-cap-russian-oi...