Overall, Russia’s oil exports recovered in April after falling in March, when the first sanctions began. It rose to 8.1 million barrels per day.
The EU has imposed a ban on Russia’s oil imports, but traders are supplying oil to the market, hiding its source, and one step ahead of sanctions. The Wall Street Journal writes about it.
It was noted that in May, certain types of fuel, allegedly partially made 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, Russia’s oil share is in gasoline, diesel fuel and chemical products.
Another way is to transfer oil from ship to ship in the Mediterranean, on the coasts of West Africa and the Black Sea, where it is shipped to China, India and Western Europe.
Overall, Russia’s oil exports were reported to have recovered in April after falling in March when the first sanctions took effect. It rose 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 that the oil embargo against Russia will take effect six months after the introduction of the sixth package of sanctions.
Earlier, EU leaders reached a compromise on the issue of a ban on Russia’s oil imports. The embargo will affect 90% of all Russia’s oil imports by the end of this year.
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Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.