The People’s Republic and India stopped buying Russian oil.
These two countries temporarily stopped the purchase of oil in the countries of the aggressor from the growth of tariffs for tankers. Because transportation of freight transportation has increased sharply or tanker cargoes that are not applied to US sanctions. This was reported by Reuters with reference to traders.
It should be noted that the new US sanctions imposed on January 10 against the Russian oil supply chain led to a sharp increase in freight transportation rates, since some buyers and ports in China and India avoided authorized vessels.
According to traders, the proposals for the March Russian oil mixture ESPO, which is exported from the port of the Pacific Kozmino, jumped to $ 3-5. For a barrel at the price of ice, Brent on the terms of delivery from the ship (des) to China. Such prices became known after the rates of freight transportation for the Aframax tanker on this route increased by millions of dollars.
China stopped trade in Russian oil, because there was a big difference in prices between buyers and sellers. As for India, the country is already looking for alternative suppliers in March and April from the Middle East, Africa and the United States.
Recall that recently it became known that at least 65 tankers with butter do not go to the ports after the introduction of US sanctions on January 10. Five tankers stand near Chinese ports, seven more – near the shores of Singapore, the rest – near the coast of the Russian Federation in the Baltic Sea and in the Far East.
Source: Reuters
Source: Racurs
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