PUNCH
Nigeria’s petrol imports from Russia have increased by 84 per cent in one year to 3.8 million litres (24,000 barrels) in 2023 from 558,300 litres (3,700 barrels) in 2022, data obtained from Argus West Africa Oil on Nigeria’s gasoline, the European trade overview has shown.
Russia has been exploring other markets after the European Union, UK and the United States placed embargoes on its oil because of the invasion of Ukraine.
A separate report by S&P Global said, “While shipments to European countries, like France and Belgium, have cratered in recent months, shipments to African countries—particularly northerly ones—have skyrocketed, particularly after the EU embargo on product imports came into force,” it said.
While EU countries, US and others have openly condemned Russia’s invasion of Ukraine, African countries have refused to condemn Vladimir Putin’s full-scale invasion of Ukraine…
