Against embargo: named the largest oil importers from the Russian Federation in 2023, Reuters

According to traders, after the introduction of a ceiling of prices for Russian oil and the entry into force of the oil embargo on the EU, in Moscow reoriented to the Asian-Pacific region. In January 2023, India and China were the largest oil importers from the Russian Federation. About it reports Reuters. Reuters journalists write that from January 1 to January 15 this year, Russian oil exports from the Baltic Sea ports to the Asian countries increased by 27% compared to December 2022.

Thus, in the first weeks of January, the Russian Federation exported 2. 8 million tons of oil to Asia. "At the same time, exports of Russian and Kazakh oil from the ports of Primorsk and Ust-Lugu for the first 15 days of the year was already 3. 4 million tonnes, which is 35% more than in the first half of December,"-said in the source. In December last year, Russia used at least four VLCC supervisers to transport Russian oil to China.

In the first weeks of January, the Russian Federation also attracted one such vessel for the supply of India. According to traders, such measures help to reduce the cost of transportation of oil from Russia to Asia. Reuters also claim that China and India are bought from a large discount in the Russian Federation. The reorientation of the oil supplies to the Asia-Pacific region was re-orienting by the European Union oil embargo and the introduction of sea deliveries ceiling.

These measures were taken in response to the military aggression of the Russian Federation against Ukraine. Recall that G7 countries can set two ceilings of Russian oil prices. According to Reuters, since February 2023 the marginal prices for products that have been traded with a premium and oil -products that are traded may be different. Focus also wrote that in 2022 the European Union countries reduced the supply of oil from the Russian Federation by 90%.