Russian state oil company Zarubezhneft failed to sell its oil today. Nobody wanted to buy it, not a single buying company registered for the tender. Earlier, Surgutneftegaz's oil was also unable to sell its raw materials..

The Naftogaz publication writes that Zarubezhneft tried to sell 600 thousand tons of oil with shipment in the second quarter.

Before that, Rosneft also had problems with the sale of oil..

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US President Joe Biden announced a ban on the import of Russian oil, gas and coal.

The United Kingdom also officially joined the imposition of an embargo on Russian oil and oil products.. At the same time, the UK called on all G7 members to ban oil imports from Russia..

Australia supported the oil and raw materials embargo of Russia.

The European Union is developing a decision on the complete rejection of Russian energy sources.

In addition, many buyers avoid purchasing Russian raw materials also due to image risks..

So, Russia cannot find buyers for its oil in Asia, despite big discounts. According to Bloomberg, the auction scheduled for last Thursday for the sale of Russian oil in the Asian market did not take place due to the lack of buyers.. This could mean that Asian buyers are also shunning Russian oil, despite what traders are calling "

And economic sanctions imposed on Russia in response to the military invasion of Ukraine have limited China's ability to buy oil from Russia..