Bloomberg learned of a sharp increase in oil product exports from Russia.

Russian petroleum product exports have surged to an 11-month high amid the imposition of new sanctions, Bloomberg reports , citing data from analytics firm Vortexa Ltd.

The average daily volume of petroleum product deliveries from Russia in the first ten days of January amounted to 2.5 million barrels, the agency reports. This is 12% higher than the daily volume in December and the highest level since February.

In particular, diesel and gasoil exports (accounting for approximately 40% of supply volumes) increased by 17% from December levels, to 1.08 million barrels per day. Naphtha exports increased by 9%, to 489,000 barrels per day, the highest level since March 2023. Fuel oil supplies increased by 19%, to 792,000 barrels per day (the highest level since July 2023). Gasoline and gasoline blends exports increased by 15%, to 38,000 barrels per day. Jet fuel supplies decreased by 40%, to 34,000 barrels per day, and refinery feedstock supplies decreased to 70,000 barrels per day.

The US imposed the "most significant sanctions" against the Russian oil industry on January 10. These sanctions targeted two of Russia's four largest oil producers (Gazprom Neft and Surgutneftegaz), dozens of oilfield services companies, traders worldwide that sell Russian oil, and more than 180 tankers that transport Russian oil .

Russian authorities will analyze the situation with US sanctions against the oil sector before taking retaliatory measures, presidential press secretary Dmitry Peskov told reporters . "The idea here is to take measures that will minimize the consequences of these illegal measures and that will best serve the interests of our country, first and foremost, and our companies," he said.