Russia continues to supply crude oil to southern Europe despite sanctions. However, such deliveries were four months before they entered into force.
This was reported by the U.S. publication Bloomberg.
Based on the tracking of ship traffic in the region, it was found that oil shipments are made to ports in Italy and Turkey. They rose to multi-week highs in seven days on August 5. Thus, the Russian Federation compensated for another drop in shipments to customers in Northern Europe.
“Shipments from Russia to the Mediterranean region as a whole were the highest since mid-June,” the publication wrote.
Shipments were made to Spain and Greece for the first time in four months. Russian oil imports to European buyers reached a five-week high. It was 1.38 million barrels a day. Before the Russian invasion, it was 1.85 million BPD.
The Russian Federation hides the origin of oil by mixing raw materials of different origins. To circumvent Western sanctions, it sends oil to an Egyptian port, where it undergoes a procedure.
The cargo ships worked to conceal the origin of the crude oil. In this way, they sought to allow sub-sanctioned cargoes to continue to arrive.
Russia also sends about 1.75 million barrels of oil a day to Asia. Shipments have decreased because 2.1 million barrels per day were exported in April and May.
Recall that G7 countries want to impose a complete ban on oil transportation from Russia if it is bought above the agreed price, to prevent the country from profiting from high energy prices because of the full-scale war it has waged against Ukraine.
The German government has ruled out the possibility of launching the Nord Stream 2 pipeline. Berlin is not going to take such a step even if there is a gas shortage in the fall