Russia is now sending nearly 90% of its oil to Asia as EU sanctions divert crude flows

AndreyIGOSHEV, Public domain, via Wikimedia Commons

With the new embargo in place, European nations are importing dramatically fewer barrels of Russian oil while Asia is getting the lion's share of the diverted crude flows. 

European nations took in approximately half of Russia's crude supplies before the war in Ukraine began, but that's all but halted, with the exception of a small volume of imports to Bulgaria. Russia is diverting most of that crude to Asia, with 89% of all Russian shipments — about 3 million barrels a day — heading there in the week ending December 9, according to Bloomberg.

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