<p>Russia has successfully redirected all its crude oil exports affected by Western sanctions over Ukraine to "friendly" countries, Energy Minister Nikolai Shulginov said on Tuesday, while still a decline in oil and gas output this year.</p>.<p>The West imposed wide-ranging sanctions, including an embargo on seaborne Russian oil imports, after Moscow sent its armed forces into Ukraine in February 2022.</p>.<p>"I can say today that we have managed to completely redirect the entire volume of exports affected by the embargo. There was no decrease in sales," Shulginov told an energy forum.</p>.<p>Shulginov reiterated that Russian oil and gas production was expected to decline in 2023, as Moscow comes under pressure from Western restrictions and a lack of European buyers.</p>.<p><strong>Also read | <a href="https://www.deccanherald.com/international/russia-says-oil-sales-to-india-soar-22-times-amid-ukraine-conflict-1204301.html" target="_blank">Russia says oil sales to India soar 22 times amid Ukraine conflict</a></strong></p>.<p>Speaking at the same event, Alexander Dyukov, CEO of Russian oil major Gazprom Neft, said that 2023 would be more difficult than 2022 and the pressure from sanctions would grow.</p>.<p>Shulginov said Russia had been working to reroute its oil and oil product exports to Asia, Africa, Latin America and the Middle East from its traditional markets in Europe.</p>.<p>India was the biggest buyer of Russia's benchmark Urals grade crude in March. Deliveries to India are set to account for more than 50% of all seaborne Urals exports this month, with China in second place.</p>.<p>Deputy Prime Minister Alexander Novak said Russian oil sales to India jumped 22-fold last year, but he did not specify the volume sold.</p>.<p>Novak said energy revenues accounted for 42% of Russia's federal budget in 2022, up from 36% in 2021. He said Russia's energy industry was sustainable, despite the challenge of Western sanctions</p>.<p>He said Russia needed to focus on boosting energy exports to so-called "friendly" countries and would continue developing the insurance tools needed to support this trade. </p>
<p>Russia has successfully redirected all its crude oil exports affected by Western sanctions over Ukraine to "friendly" countries, Energy Minister Nikolai Shulginov said on Tuesday, while still a decline in oil and gas output this year.</p>.<p>The West imposed wide-ranging sanctions, including an embargo on seaborne Russian oil imports, after Moscow sent its armed forces into Ukraine in February 2022.</p>.<p>"I can say today that we have managed to completely redirect the entire volume of exports affected by the embargo. There was no decrease in sales," Shulginov told an energy forum.</p>.<p>Shulginov reiterated that Russian oil and gas production was expected to decline in 2023, as Moscow comes under pressure from Western restrictions and a lack of European buyers.</p>.<p><strong>Also read | <a href="https://www.deccanherald.com/international/russia-says-oil-sales-to-india-soar-22-times-amid-ukraine-conflict-1204301.html" target="_blank">Russia says oil sales to India soar 22 times amid Ukraine conflict</a></strong></p>.<p>Speaking at the same event, Alexander Dyukov, CEO of Russian oil major Gazprom Neft, said that 2023 would be more difficult than 2022 and the pressure from sanctions would grow.</p>.<p>Shulginov said Russia had been working to reroute its oil and oil product exports to Asia, Africa, Latin America and the Middle East from its traditional markets in Europe.</p>.<p>India was the biggest buyer of Russia's benchmark Urals grade crude in March. Deliveries to India are set to account for more than 50% of all seaborne Urals exports this month, with China in second place.</p>.<p>Deputy Prime Minister Alexander Novak said Russian oil sales to India jumped 22-fold last year, but he did not specify the volume sold.</p>.<p>Novak said energy revenues accounted for 42% of Russia's federal budget in 2022, up from 36% in 2021. He said Russia's energy industry was sustainable, despite the challenge of Western sanctions</p>.<p>He said Russia needed to focus on boosting energy exports to so-called "friendly" countries and would continue developing the insurance tools needed to support this trade. </p>