Traders supply Russian oil, hiding its origin – WSJ

Photo: Getty Images

The largest increase in Russian oil exports came to India

In general, Russian oil exports recovered in April after falling in March, when the first sanctions came into force. It increased to 8.1 million barrels per day.

The EU has imposed a ban on the import of Russian oil, but traders supply oil to the market, hiding its origin, and are one step ahead of the sanctions. Writes about it The Wall Street Journal.

It is noted that in May, some types of fuel, allegedly partially produced from Russian oil, were delivered to New York and New Jersey. Their country of origin is India, which openly buys oil from the Russian Federation.

In addition, the share of Russian oil is in gasoline, diesel fuel and chemical products.

Another way is to transfer oil from ship to ship in the Mediterranean, off the coast of West Africa and the Black Sea, from where it is sent to China, India and Western Europe.

Overall, Russia’s oil exports reportedly recovered in April after falling in March when the first sanctions came into effect. It increased by 620 thousand barrels to 8.1 million barrels per day, which is close to the pre-war level, with the largest increase in India.

Recall oil embargo against Russia will come into force six months after the introduction of the sixth package of sanctions.

Previously EU leaders reached a compromise on the issue of a ban on the import of Russian oil. The embargo will affect 90% of all Russian oil imports by the end of this year.

Read more:  Conservatives and Greens in Austria reach government deal

News from in Telegram. Subscribe to our channel

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Recent News

Editor's Pick