The BRICS member Russia settled the crude oil deal by paying the Chinese Yuan and not the U.S. dollar. pic.twitter.com/0uj8wSIpDE — Watcher.Guru (@WatcherGuru) April 11, 2023BRICS Summit: Russia’s Crude Oil Exports DeclineSource: energyintel.com / Michal Bednarek / ShutterstockRussian crude oil exports are beginning to plunge a month ahead of the BRICS summit. Russia’s crude oil shipments fell by 311,000 barrels per day (bpd) to 2.73 million bpd this week alone, reported Bloomberg. Overall, crude oil exports are down by 640,000 barrels per day from their February 2023 levels. Source: newscast-pratyaksha.comIf oil exports begin to decline further, Russia’s economy could be badly hit.

Source: Economic Times July 26, 2023 21:05 UTC