The Russian economy continues to feel the consequences of sanctions on oil and oil products, Bloomberg reports . Over the past week, due to the new US sanctions against the “shadow fleet” and reducing prices for Russian oil, the budget of Russia has not received almost 8% of the profit compared to the previous week.
According to Reuters, Russia is also experiencing a problem with the loss of customers. Also, due to sanctions measures in the Pacific direction, only two of the nine cargo sent after the introduction of new sanctions were unloaded. Daily flows of sea oils of raw oil in a week fell by 4%.
Türkiye remains the only European direction of shipment for Western Russian ports - the flow of supplies to this country decreased for the first time in five weeks. At the same time, the volume of supplies to Asia has grown, but is still 15% lower than the average level of the last peak, which was observed in October.
The countries of the "Great Seven" (Great Britain, Germany, Italy, Canada, France, Japan and the USA) and the EU introduced the price ceiling for oil and oil products from Russia in 2022, the European Union countries in the end of 2022 introduced an embargo for oil from Russia. However, the Russian authorities have successfully sold oil and oil products for several months in exceeding the “large seven” and EU limits in third countries, supplied to the “shadow fleet” and chains of several intermediary companies.
Sanctions against Russia put a dilemma before Europe .
On January 10 of this year, the United States imposed sanctions against 187 vessels of the Russian fleet, including the "shadow". They transported a fifth of all Russian oil exports over the past year. Partners in third countries can take goods from such ships until March 12, provided that they were captured until January 10.
The sanctions list were ships that did not enter Russian ports - they took oil from Russian tankers to the sea, then to transfer to intermediaries. The BBC notes that with the help of these measures, the US authorities hope to deprive Russia of “billions of dollars” monthly.
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