Oil
Transportation of Russian oil to China has become five times more expensive due to sanctions
The cost of transporting Russian oil to China has already increased fivefold due to US sanctions.
China purchased record volumes of Russian oil in 2024
China’s crude oil imports from its largest supplier, Russia, hit a new high last year.
US sanctions have “cut off” Russian oil supplies to Asia
New sanctions against Russian oil companies and ships are forcing Moscow’s key customers to look to the Middle East, Africa and America.
European Parliament calls for tougher sanctions against Russian “shadow fleet”
The European Parliament has adopted a resolution calling for tougher sanctions against the “shadow fleet” that provides oil exports.
Seaborne oil exports from Russia increased last week
Seaborne oil exports from Russia rose by about 260,000 barrels per day last week.
Two-thirds of old tankers illegally transport oil
Almost 63% of all tankers built in 2009 or older trade in Iranian, Venezuelan and/or Russian oil under sanctions.
Sybiha called on Europe to oppose the Russian shadow fleet
The Russian Federation poses an existential threat to Europe, continuing to receive billions from the export of energy resources to EU countries and through European waters.
Scholz will strengthen measures against the oil fleet of the Russian Federation
Germany is likely to intensify the fight against “grey” exports of Russian oil.
Turkey took the second place in the sea import of Rosneft
In May 2024, Turkey imported 2.5 million tons of crude oil: from the Russian ports of the Baltic (2.1 million tons) and Black (0.4 million tons) seas.
About 80% of oil products are exported through the ports of Great Odesa
Before the full-scale invasion, this figure reached about 90%.
