HomeNews listOBJECTIVE PRESSTurkey Saved $2 Billion This Year by Importing Cheap Russian Oil

Turkey Saved $2 Billion This Year by Importing Cheap Russian Oil

  • December 18, 2023
  • Posted by: AliensFaith
  • Category: OBJECTIVE PRESS
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Turkey, which has become one of the biggest buyers of Russian oil after the EU embargo on Moscow’s crude and refined products, has saved some $2 billion from its oil import bill so far this year, as it has boosted imports from Russia, Reuters has estimated. Turkey has continued to buy Russian crude and refined petroleum products. The discounts on Russian oil and Turkey’s proximity to Russia’s Western ports have played to the advantage of Ankara in 2023, per Reuters calculations based on data from LSEG and traders. Last month,…      



Author: AliensFaith
HighTech FinTech researcher, university lecturer & Scholar. He is studying his second doctoral degree at the Hague International University. Studying different fields of Sciences gave him a broad understanding of various aspects of life. His recent researches covered AI, Machine-learning & Automation concepts. The Information Technology Skills & Knowledge gave his company a higher position over other regional high-tech consultancy services. The other qualities and activities which can describe him are a Hobbyist Programmer, Achiever, Strategic Thinker, Futuristic person, and Frequent Traveler.

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