Feb 13 (Reuters) - Russia plans to sell more than 80% of
its oil exports to what it calls "friendly" countries in 2023,
Deputy Prime Minister Alexander Novak said on Monday, referring
to countries that have not sanctioned Moscow over its invasion
of Ukraine.
He added that these countries would also receive 75% of
Russia's refined oil products, and that Moscow continued to look
for new markets.
Russia has stepped up discounted sales to China and India,
in particular, since it was hit by Western sanctions and a G7
price cap designed to limit its ability to finance the war in
Ukraine from oil revenues.
Novak also warned of uncertainty on global oil markets,
saying Western countries from the OECD group, which includes the
United States, Canada and Norway, could release their strategic
oil reserves.
(Writing by Caleb Davis; Editing by Mark Trevelyan)
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