Five states increased the Russian Federation’s oil imports and then sold its refined products to countries that had previously imposed sanctions on the purchase of Russian hydrocarbons, writes Forbes.
Western analysts say these “laundering efforts are undermining Russia’s oil price ceiling.”
The CREA organization describes China, India, the United Arab Emirates, Turkey and Singapore as “washing countries” which increased their imports of Russian oil after the entry of Russian troops into Ukraine. They have also stepped up exports of petroleum products to countries that have imposed sanctions on Russian oil, including the European Union, Australia, Japan, the United Kingdom, Canada and the United States.
says a Forbes article.
The publication notes that, according to the CREA center located in Finland, the aforementioned powers have increased their imports of Russian crude oil by sea by 140% compared to the previous year. They accept up to 70% of Russia’s crude oil exports.
The EU, G7 states and Australia continue to import Russian fossil fuels as refined products from third countries, allowing them to be insured and transported on their ships
Isaac Levy, energy analyst and co-author of the CREA report, told the publication.
According to CREA, the EU has become the largest importer of these petroleum products, followed by Australia. And most of the products are delivered on European ships.
It should be noted that the list of countries given by the publication is apparently far from complete. Other foreign media cite states such as Tunisia, Morocco, Egypt, Greece and even Saudi Arabia among intermediaries for the resale of Russian oil. We are talking not only about changing the formal country of origin when reselling oil, but also about transforming it into other products, which are then sent for further export.
Photos used: Berny Sackl/flickr.com
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