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Europe’s largest port has announced the end of container traffic from Russia

Less Russian coal, crude oil, oil products and LNG have been imported in recent months.

Europe’s largest port and one of the world’s largest – the port of Rotterdam – said container traffic to and from Russia had stopped. This was reported on the port’s website on Friday, July 22.

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“Container traffic to and from Russia has come to a standstill, and persistent bottlenecks in global container logistics have led to the movement of goods from large container ports to smaller ones,” the statement said.

The port also said it imported less Russian coal, crude oil, oil products and LNG in recent months before the coal and oil sanctions. Companies are increasingly importing from other countries.

At the same time, the total cargo turnover of the port of Rotterdam in the first half of the year was 0.8% higher (233.5 million tons) than in the same period in 2021 (231.6 million tons).

“In many segments, the war in Ukraine has led to significant changes. For example, imports of both LNG and coal have increased significantly as an alternative to the reduction of European imports of Russian gas through pipelines. crude oil volumes increased, while oil products decreased,” said the press release.

Recall that this week the EU approved the seventh package of sanctions against the Russian Federation. It has come into force. The package includes a partial embargo on gold, a restriction against Sberbank and an expansion of personal sanctions.

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Source: korrespondent

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