Russia claims sanctions won't hurt energy profits, expects 'increase'

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Russia claims sanctions won't hurt energy profits, expects 'increase'
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Russia's foreign minister Sergei Lavrov said Saturday that the country has 'alternative sales markets' for oil exports 'where we are already increasing sales.'

Last month, before the EU announced its oil ban, the International Energy Agency said that Russia's profits from oil exports were up 50 percent compared to the beginning of the year.

Insider reported that the agency said the Kremlin was raising $20 billion per month in sales from the exports, which increased to more than 600,000 barrels per day in April, and that demand from India and China made up for losses in Western markets. In the wake of Russia's invasion and Western sanctions on Russian energy, India and China

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