Reuters learned that European countries have resumed oil purchases from the UAE

In early May, 1 million barrels of oil will be delivered to Britain. oil from the UAE. The last time the country sent raw materials to Europe was in May 2020.

French oil and gas company TOTALENERGIES has chartered a tanker to deliver crude oil from the United Arab Emirates to Europe, REUTERS reports citing traders.

The company's shipping division, CSSSA, has hired the tanker Moscow Spirit to ship 1 million barrels of oil. Murban oil from the port of Jebel Dan for the UK; the ship is expected to deliver it between 1 and 3 May.

Reuters notes that these will be the first deliveries from the UAE to Europe in two years: the last time, according to Refinitiv Eikon, oil from this country was purchased in May 2020 for Italy, then it was about the Das variety.

Traders polled by the agency believe that more Abu Dhabi crude, including Upper Zakum, will be sent to Europe in the coming months to make up for the shortage of crude from RUSSIA. The agency's interlocutors expect the European Union to impose new sanctions on energy imports from Russia, which could lead to the redirection of some supplies. In anticipation of the restrictions, global trade flows are being "realigned," one trader said.

BLOOMBERG learned about three options for restrictions on Russian oil Politics

Restrictions on the import of Russian oil will be included in the sixth package of EU sanctions that Brussels is currently working on, Valdis Dombrovskis, deputy HEAD of the European Commission, said in an interview with the Times. The EU is preparing "smart" sanctions to minimize the economic damage to European countries. According to Dombrovskis, we can talk about phasing it out or setting tariffs on imports that exceed a certain price ceiling. He clarified that the details have not yet been agreed. According to Politico, EU countries will present new measures on April 25 and adopt them four days later.

Bloomberg, citing sources, reported that European officials are considering three main options: imposing an embargo, setting a price cap, and creating a "payment mechanism to retain the proceeds" that Russia has received since the start of military operations in Ukraine. At the same time, the US fears that a complete ban on Russian oil by the EU will lead to a sharp rise in prices and an increase in Russia's income from supplies, the agency wrote. United States President Joe Biden signed into law a bill to stop buying oil from Russia on April 8.

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Against the backdrop of the threat of new sanctions, the Russian authorities instructed to speed up the redirection of oil and gas exports from the West to other markets. President Vladimir Putin proposed to consider the countries of Africa, Latin America and the Asia-Pacific region as promising countries. He also proposed to increase the capacity for transshipment of oil in the Arctic and Far Eastern ports and use the Northern Sea Route for its transportation.

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