Russia is selling oil to China at a record low price

Russia is delivering oil to China in record quantities at low prices. This was reported by Zamin.uz.

This situation arose because Indian refineries refused to purchase certain batches of Russian oil. As a result, Russian companies continue to supply oil to China with significant discounts.

In the Baltic Sea, a barrel of Urals crude oil is sold on average for $21.5, and in the Black Sea for $20. These prices indicate a 40 percent decrease compared to the values at the beginning of 2025.

Russia's main export oil is currently valued at an average of $40 per barrel. Due to intensified sanctions, Greek tanker companies are refusing to transport Russian oil.

This has led to a shortage of 50 tankers needed to maintain Russia's export volume. The decline in the price of Urals crude oil is putting serious financial pressure on the Russian budget.

Specifically, during 2025, revenue from raw material sales has decreased by more than 20 percent. This situation may cause additional problems in the country's economy.