Russia will continue its efforts to diversify crude oil exports to non-European markets with the share of shipments to the Asia-Pacific region to grow, officials and oil companies told the recent St. Petersburg International Economic Forum as sanctions against Russian oil are ramping up in the EU. “In a situation when we are practically being pushed out of the European market, it is necessary to ensure the growing markets of the Asia-Pacific region,” Russian Deputy Premier Alexander Novak said in an interview on Russian TV last week. This year already, Russia might increase shipments to the Asia-Pacific region via ... (full story)