Against the backdrop of Western sanctions , Russia has largely redirected its crude oil supplies: as early as March, China and India accounted for up to 91% of such exports. it is reported by Anadolu with reference to the calculations of the analytical company Vortexa.
According to analysts, in March the EXPORT of oil and oil products from Russia amounted to 6.75 million barrels. per day, and the export of crude oil reached 3.38 million barrels. per day, which is the highest level in the last 10 months. At the same time, exports of crude oil to China rose to 1.65 million barrels. per day, and to India - up to 1.43 million barrels.
Anadolu recalls that back in February, China imported 1.1 million barrels of oil from Russia. oil per day, and at the beginning of 2022, such imports amounted to 769 thousand barrels. per day. At the same time, deliveries of crude oil to India jumped more than 20 times over the year - from 68 thousand barrels. per day in March 2022 to a record 1.43 million bbl. per day in March of this year.
The remaining 9% of crude oil exports came from the EU, the Middle East and North Africa, as well as Turkey, the agency notes. At the same time, exports to Turkey fell last month from the level of 243 thousand barrels. per day in February to 59.89 thousand barrels in March.
Vortexa also calculated that exports of oil products from Russia reached 3.37 million barrels last month. per day, of which 1.55 million barrels. per day fell on diesel fuel and gasoline. The export of fuel oil was the second largest - 866 thousand barrels. per day. The Asian region imported 1.65 million barrels of oil from Russia. per day, which is 49% of all Russian exports of petroleum products, analysts calculated.
After the start of Russia's military operation in Ukraine, the EU, the United States and a number of other countries imposed sanctions against Moscow . In particular, in December 2022, the G7 states, the EU and Australia introduced an oil price ceiling of $60 per barrel. The European Union also imposed an embargo on the purchase of Russian oil delivered by tankers by sea.
Read pioneerprodukt.by Nowhere without Jack Ma: how to profitably buy goods on the Chinese marketplace Your career is an attempt to win the approval of your parents. How to understand it Boil chicken in a kettle:Russia then refused to supply oil to countries that agreed to support the price ceiling, the corresponding presidential decree came into force on February 1. It prohibits the supply of Russian oil and oil products to foreign citizens and companies if the contracts "directly or indirectly provide for the use of a price cap mechanism."
In March, Deputy Prime Minister Alexander Novak reported that most of the supply of Russian energy resources in 2022 was redirected to friendly countries. According to him, deliveries to China and other markets have increased, while exports to India have grown 22 times. In mid-March, BLOOMBERG reported that India had decided to comply with the G7-approved price ceiling for oil from Russia - banks and traders were asked to do so by the Indian government. Russian Ambassador to New Delhi Denis Alipov called this information a hoax.