Russian news, notes and thoughts
March, 2023 / 
21 March, 2023 // In Jan-Feb 2023, according to the General Administration of Customs of China, Russia became the leader in oil supplies to China - 15.68 mil tons (1.94 mil barrels/day), 23.8% more than in Jan-Feb 2022 (1.57 mil barrels/day). In total, in 2023, China may increase imports of Russian oil to 2.2-2.5 mil barrels/day.
5 March, 2023 // In Jan-Feb 2023, according to Bloomberg, wheat exports from Russia almost doubled (+90%) compared to Jan-Feb 2022 and reached a volume of 6.1 million tons. At the end of 2022, Russian grain regained its competitive advantages. It is likely that shippers have overcome the financing and insurance problems caused by the sanctions.
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