Russian energy is continuing to flow into the US, member nations of the European Union, and other countries that have imposed the toughest sanctions on Moscow, potentially blunting the sting of sanctions designed to cripple the Kremlin’s ability to finance the war in Ukraine.
While a large number of Western allies have agreed to halt the import of Russian crude and refined oil products as punishment for Vladimir Putin’s invasion, other countries have refused to do so and are taking advantage of the crisis to score major discounts. India is arguably the prime example of this, with its imports of cheap crude oil from Russia increasing from zero in January and February to a record 950,000 barrels per day in June.
And at the same time, major Indian refiners on the west coast which is the leading destination for Russian crude are selling on huge quantities of refined products to the US and Europe, two leading oil analytics firms tell The Independent. Once India has processed the oil and sold it on, it is impossible to say exactly how much of the end product can be traced back to Moscow, but analysts agree that at least a “small percentage” will have started its journey in Russia and ended up in a country that has enacted Ukraine-related sanctions, though not necessarily specific to energy.
Petro-Logistics, a Geneva-based oil trade analytics firm, estimates in a report that 308,000 barrels a day of Indian oil products refined from Russian crude are being exported since the war began in Ukraine. Of that amount, it estimates that 113,000 barrels per day (37 per cent) are going to Asia, including some countries with sanctions on Russia, and 26,000 barrels per day (8.4 per cent) are going to Europe.
この記事は The Independent の September 16, 2022 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です ? サインイン
この記事は The Independent の September 16, 2022 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です? サインイン
'Moving to Texas has made everything exciting again'
Team GB sprinter Dina Asher-Smith tells Lawrence Ostlere that a coaching shake-up and new base is already paying off
Chelsea entertain with solid win over flashy Real
If Chelsea are on a “new journey” in the Women’s Champions League, it began in intermittent deluges of rain and in front of a sparse home crowd at Stamford Bridge.
Solanke on the verge of ending his 2,522-day wait
Dominic Solanke made his England debut in 2017 as a young Liverpool striker. That second cap hasn't arrived yet but, he tells Lawrence Ostlere, he's ready to make up for lost time
Water companies ordered to pay £158m to customers
Water companies will have to pay a £157.6m penalty after missing key targets on reducing pollution, leaks and supply interruptions while customer satisfaction continues to fall, Ofwat has said.
Hit and myth: the private who could have shot Hitler and saved 70 million lives
'Horrible Histories' author Terry Deary is back with a new book that examines the greatest hits (and misses) of British history including this remarkable First World War tale
Putin 'demolishes holiday home out of fear for his life'
Vladimir Putin has demolished his holiday villa by the Black Sea after he stopped visiting the area out of fear for his life relating to strikes from Ukraine, a Russian opposition website has claimed.
Scientist who warned of AI threat awarded Nobel Prize
The Nobel Prize in Physics has been awarded to two researchers who helped build the foundations of the artificial intelligence that surrounds us today.
McCann suspect is cleared.of unrelated rape charges
The prime suspect in the Madeleine McCann case, convicted paedophile and rapist Christian Brueckner, has been acquitted of unrelated sexual abuse charges in a German court.
Residents flee as Hurricane Milton takes aim at Florida
Florida residents streamed out of the Tampa Bay region yesterday ahead of Hurricane Milton.
Trump 'called Putin seven times since leaving office'
Donald Trump has reportedly spoken with Russian President Vladimir Putin as many as seven times since leaving the White House.