The world refuses Russian oil, and Russia will lose 3 million barrels of oil per day due to sanctions, while Russia exports about 8 million barrels per day. Reported by the International Energy Agency (IEA).

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It is noted that Russia offers Urals oil with record discounts. However, major oil companies, trading houses, shipping firms and banks refused to do business with the country..

Currently, Russian oil continues to be supplied mainly under long-term agreements and agreements concluded before Moscow sent its troops to Ukraine.. But new deals almost stopped.

It is noted that the situation with the rejection of Russian oil could turn into the biggest supply crisis in decades..

" Russia is the world's largest oil exporter, shipping 8 million. barrels of crude and refined oil to customers around the world..

It is also reported that in the near future the IEA will publish recommendations on how to replace Russian oil supplies and avoid the crisis with the least losses..

On the other hand, according to the IEA, the crisis can give a positive impetus to the abandonment of oil in favor of alternative energy sources..

“The current crisis poses serious challenges for energy markets, but it also offers opportunities. Indeed, today's reconciliation of energy security and economic factors may well accelerate the transition away from oil..