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Bloomberg: Russia has lost over 90% of its oil market in northern Europe.

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Russia has already lost the vast majority of its oil market in the European Union’s northern countries even before an EU embargo on Russian oil is set to take effect on Dec. 5, Bloomberg reported.

Russian oil shipments to northern Europe have fallen below 100,000 barrels a day, compared to 1.2 million barrels a day sent to the region’s ports each day in early February, according to Bloomberg.

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Russia failed to break Ukraine’s army on the battlefield, and now it’s trying to do it through a peace plan that would cap Ukraine’s forces at 600,000. Some argue that Ukraine would shrink its army — currently estimated at about 800,000 — after the war anyway.

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