Viewpoint by Olatubora Ayodeji
LAGOS, Nigeria (IDN) — It's very important to understand that Russia is the world's third biggest oil producer, behind the US and Saudi Arabia and of about five million barrels of crude oil it exports each day, more than half went to Europe before the sanctions were announced. Before the announcement, Russia accounted for about 8% and 3% of the UK and US oil demand respectively.
- Opinion Editor
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