For the past four weeks, Russian crude oil shipments have reached their highest level since January last year. From April to May 2023 Moscow exported an average of about 3.55 million barrels per day, which is almost 0.4 million barrels more than in the same period in 2022, informs The Bloomberg agency cites its own calculations.
The increase in Russian crude oil shipments took place despite the impact of international sanctions imposed by Western countries on the Russian Federation. Currently, there is a marginal price mechanism for raw materials from Russia, the ceiling is set at $ 60 per barrel. In addition, the embargo of European countries on the import of Russian oil transported by sea is still in effect.
“Despite the sanctions imposed by the West, the shipment of Russian crude oil to international markets has practically not decreased and has reached maximum values in the last four weeks. From April to May, Moscow exported an average of 3.55 million barrels. 0.4 million barrels more than the same period last year.
May 9 edition of EUobserver reportedThat the European Commission intends to get Germany to stop oil supply to the country via the Druzhba pipeline. This measure is being developed as part of the introduction of more anti-Russian sanctions. At the same time, Hungary, the Czech Republic and Slovakia can continue to import oil coming to these countries through this pipeline.