Due to the fall in the quality of Russian oil, the European refineries threatened to cut the purchases of the product. The worsening Russian oil of the Urals is so drastic that many buyers are reviewing how much they acquire and the price they are willing to pay. Poland's largest refinery, for example, said that the change in the quality of the Ural oil can influence future business with Russia.
The Russians established closer ties with China at a time of strained relations with the West, when Moscow played an important role in the Ukrainian crisis and faced the allegations of its interference in foreign elections, accusations denied by Kremlin.
The question that is in the air is: is there even a worsening in the Russian product or is this possible rejection a geopolitical boycott? We're standing by to get more information.
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