Trafigura: Russia’s “shadow” fleet reaches 600 tankers after EU oil embargo 10:38

After the embargo of the European Union (EU) on imports of raw materials from the Russian Federation came into force, Russia’s “shadow” fleet, which transports oil from this country to various parts of the world, has grown. record level – up to about 600 tankers. Iran and Venezuela, where international sanctions are also applied, cannot compete with Moscow in this indicator. informs The Bloomberg agency cites statistics from Trafigura analysts.

The embargo of European countries on the import of Russian oil transported by sea came into effect on December 5, 2022. At the same time, from February 5 this year, the “ceilings” of prices for petroleum products from the Russian Federation will begin to function. This was accepted by the G7 countries, Australia and the EU.

“The shadow fleet, which carries Russian oil to various parts of the world, has reached about 600 tankers. This is currently a record number. It is estimated to make up about 27 percent of the world’s fleet.

According to Ben Lacock, co-director of oil trade in Trafigura, Russia’s “shadow” fleet has grown to an enormous size. With the help of such tankers, Moscow will be able to bypass not only the EU embargo on raw materials, but also the impact of “ceilings” on the prices of oil products from the Russian Federation at the level of $ 100 and $ 45 per barrel. As a result, oil and food prices will rise by 40-50% due to retaliatory measures by Russia, whose authorities refuse to sell raw materials to countries that support these restrictions.

On February 4, the AFP news agency said, citing sources. reportedHe said that after the European Union (EU), G7 countries and Australia agreed on ceiling prices of $100 and $45 for oil products from Russia. The first bar will apply to products sold at an oil premium, while the second will affect products traded at a raw material discount.



Source: Gazeta

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Popular

More from author

Bloomberg: Called Wang Yi, Biden’s national security aide 00:47

On March 24, US President Joe Biden's Deputy Assistant for National Security Jake Sullivan had a phone call with Wang Yi, head of the...

Ñublens in the Copa Libertadores 2023: calendar, group, rivals, results, statistics and positions

The team led by Jaime García was in zone A and will compete against Flamengo, Racing and Aucas from Ecuador.nubles will be one of...

Zarema Salikhova laughs at critics of Tedesco after Belgium’s victory over Germany 00:28

Zarema Salikhova, the wife of Leonid Fedun, the former owner of Spartak Moscow, reacted to the first victory of the Belgian national team against...

Canada to send additional $1.76 billion loan to Ukraine via IMF 00:28

Canadian authorities will provide an additional loan of $1.76 billion (CAD 2.4 billion) to Ukraine through the International Monetary Fund (IMF) in 2023. ...