Daniel Obaitek, head of Orlen, Poland’s largest oil refinery, said he lost $30 million a day due to the ban on imports of Russian oil. He talked about it in an interview with Finance Times.
“This is a question of refusing to support Russia. “This is a market value that applies to all companies that do not import oil from Russia,” he said.
He stressed that the company was losing $27 million a day because alternative Russian supplies were about $30 more expensive per barrel.
Previously reportedBeijing provides financial support to Moscow by purchasing Russian oil. At the same time, the Chinese side is doing this because it sees Russia as an ideal ally to topple the dollar.
Since the launch of the special operation in Ukraine, China has provided a loophole for Russian financial institutions that have been denied access to SWIFT through CIPS, an international cash-swap network operated by the PRC. In addition, the Chinese side sharply increased its purchases of Russian oil against the backdrop of numerous sanctions and a ban on imports from the G7.