Russian president Vladimir Putin has unveiled the final part of its pipeline to the Pacific Ocean.
The new pipeline will help Russia expand sales to Asia and is also expected to increase sales to the US.
"The American market will receive 35 per cent of Kozmino oil," Nikolai Tokarev, the head of Transneft state oil pipeline operator, said at the opening.
"Around 30 per cent will go to Japan and 28 per cent to China."
Tokarev did not calm European fears about continued supplies from Russia, as he dismissed offering Europe any assurances about receiving oil.
"We do not owe a single EU country a thing, and we are certainly not obligated to account for ourselves," RIA Novosti quoted Tokarev as saying.
We need your support
Sri Lanka is one of the most dangerous places in the world to be a journalist. Tamil journalists are particularly at threat, with at least 41 media workers known to have been killed by the Sri Lankan state or its paramilitaries during and after the armed conflict.
Despite the risks, our team on the ground remain committed to providing detailed and accurate reporting of developments in the Tamil homeland, across the island and around the world, as well as providing expert analysis and insight from the Tamil point of view
We need your support in keeping our journalism going. Support our work today.
For more ways to donate visit https://donate.tamilguardian.com.
