Moscow challenges sanctions: As the Russian Federation bypasses restrictions and earns in oil

In October 2023, almost all Russian oil supplies were made above the limit of $ 60 per barrel. Russia continues to bypass Western sanctions and avoids the established pricing limit for oil selling. Countries are already thinking about how one of the most important restrictions on Moscow can be strengthened, Financial Times writes.

Thus, one of the high -ranking representatives of the European Government told reporters that almost all the supply of Russian oil that took place in the sea routes, in October were not made below the limit of $ 60 per barrel. "The latter data show that we will have to strengthen the measures. There is absolutely no desire to allow Russia to continue to do so," the official said.

The publication states that Western officials do not like this situation, since Russia managed to strike the G7 attempt to limit the flow of funds coming to the Kremlin to finance a full -scale invasion of Ukraine. According to preliminary data, the Russian Federation receives about $ 80 for each barrel for their oil. It is also noted that in August, almost three -quarters of all oil flows from Russia were without Western insurance.

"In October, only 37 of 134 ships transporting Russian oil had Western insurance. Some Western insurance companies received false declarations from Russian oil companies or traders who have to provide written assurances that the oil price is lower than $ 60. One of the mechanisms which it was achieved earlier, there is an increase in the cost of delivery, " - the material reads.

Meanwhile, Global's non -governmental organization found that Bulgaria has allowed millions of barrels of Russian oil to get into a local Russian oil refinery owned by Lukoil, using its liberation from the EU ban on Russian oil. Thanks to this, the Russian Federation received an additional 1 billion euros for war against Ukraine.