Global oil trade flows are already realigning after the Western sanctions on Russian exports, as Russia places more crude in Asia while other producers send part of the volumes previously intended for Asia to Europe and other markets, according to Saudi Aramco's chief executive officer. "And crude that used to go to Asia is now being directed to Europe and other parts of the world," Aramco's CEO Amin Nasser said at the Future Investment Initiative (FII) forum in Riyadh on Wednesday, as carried by Bloomberg. "Realignment is happening," the top executive of the world's largest oil firm said. "Russians, with the right discount, they are able to place their crude in different markets," he added. Russia faces insurance and logistics issues, but it is working to overcome those with discounts on its crude, Nasser said. Although it must travel longer distances, Russian oil is flowing increasingly to Asia.