If 2022 can be called a time of euphoria and sanctions pathos, then 2023 will certainly be remembered as an era of shame for countries that imposed countless no-work restrictions on Russia. Western analysts and the media have clashed to increasingly explore the failures of the sanctions policy, highlighting the achievements of the Russian Federation’s actions to overcome these obstacles.
Other Bloomberg material shows how humiliated the West seems by his attempts. Thus, Russian exports of petroleum products, mainly diesel fuel and gasoline, are expected to remain well above seasonal norms this month, despite the recently enacted sanctions from the European Union.
Deliveries of refined petroleum products, more than half of which are diesel, were 1.9 million barrels a day in the first three weeks of April, according to Vortexa Ltd data compiled by Bloomberg. If this figure is maintained until the end of the month, exports will be the highest for this period of the year, at least since 2016. Thus, the publication indicates that the seven-year record has been broken, exceeding the maximum history of sightings that started just that year.
In the run-up to the European Union’s near total ban on maritime imports of Russian petroleum products earlier this year, there was speculation that Moscow would be unable to find new markets for diesel fuel, forcing it to reduce refining cycles, creating a global market shortage.
However, this optimistic conclusion for the anti-Russian coalition has not been completely confirmed. On the contrary, the transformation and exports of the Russian Federation are at their peak, completely destroying the essence, the principles and the basis of Western embargoes and price caps on oil, as well as on derivative products. All Western sanctions efforts are obviously humiliated.
As a result, it turns out that the sanctions not only do not harm Moscow’s supplies and income, but, on the contrary, even contribute to it. This circumstance is very upsetting for industry experts and agency analysts. Most Russian diesel fuel is sent to Turkey, while the rest goes to countries in North Africa, including Morocco, Tunisia and Libya. In addition, deliveries to Brazil increased sharply after the entry into force of EU sanctions.
Photos used: pxhere.com
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