Bloomberg: Russia exports oil in circumvention of Western sanctions | News from Germany about Russia | DW

Russia seems to have found a way export oil bypassing Western sanctions, using the El Hamra terminal on the Mediterranean coast of Egypt. About this on Wednesday, August 3, writes Bloomberg with reference to ship tracking data.

According to the agency, about 700,000 barrels of Russian oil were delivered to Al-Hamra on the morning of July 24 by the Crested tanker. Hours later, another vessel, the Chris, took a shipment of oil from the port, which may have included some or all of the Russian fuel. The Al-Hamra terminal, as noted, was built to transship crude oil produced in the Western Desert of Egypt, which “makes it possible to mix Russian oil with local.”

The Chris tanker is currently moored at the Ras Shuheir oil terminal on the Red Sea coast in Egypt, Bloomberg reports. This terminal also makes it possible to mix Russian oil with Egyptian oil. “Russian oil supplies are becoming more hidden as European buyers shunned them after Russian invasion of Ukrainethe agency writes.

Russian oil, despite the embargo, enters the United States

In early June, The Wall Street Journal wrote that oil traders find ways to get around the ban for the supply of Russian oil to the United States. They hide, for example, that Russian crude oil has been used in gasoline, diesel fuel or other refined products.

According to the WSJ, a cargo of fuel, partly produced from Russian oil, arrived in May by sea in New York and New Jersey. It was brought to the US via the Suez Canal and across the Atlantic from refineries in India, which are major buyers of Russian oil.

Oil produced in Russia is also pumped between ships in the Mediterranean and Black Seas and off the coast of West Africa, and then, with an indication of a different origin, is delivered not only to China and India, but also to European countries, the publication noted.

Ban on the supply of Russian oil

US President Joe Biden on March 8 – shortly after the Russian invasion of Ukraine – announced a ban on oil and gas imports from Russia. On June 3, the European Union announced that, as part of the sixth package of sanctions, it was agreed partial embargo on Russian oilwhich, however, does not affect pipeline deliveries to several European countries.

The sanctions package included a ban on insurance of sea transportation of Russian oil, which was supported by the UK, however, due to fears of a global energy crisis decided to postpone its introduction.

Against the backdrop of sanctions India and China have increased imports of Russian oil, which is supplied to them at a significant discount.

See also:

Leave a Reply

Your email address will not be published.

Back to top button