In the first week after the American sanctions, from January 13 to 19, oil exports reached 2.75 million barrels per day.
Farewell sanctions from the Joe Biden administration led to a drop in Russian oil supplies to their lowest level since late 2023 and early 2024. This was reported by The Moscow Times on Wednesday, January 22.
In the first full week after the latest sanctions, from January 13 to 19, oil exports reached 2.75 million barrels per day. That was down 9% from last week and the lowest in nearly a year since the week ending January 28, 2024, when it was 2.63 million.
Less volatile four-week data (2.94 million barrels) showed a more dramatic decline – to a 16-month low.
The average daily delivery for the first three weeks of January 2025 was 10% (340,000 barrels) lower than the average for the entire previous year.
Let’s remember that on January 10, the United States introduced large-scale sanctions against Russian oil and Russia’s “shadow fleet”. American sanctions have paralyzed Russian oil production in the Arctic.
Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.