Dw News
Dw News
@dwnews·6.3M subscribers·48.6K videos

How Russia sidesteps the EU oil embargo with aging tankers | DW Business

Posted

December 2, 2022

Views

478,766

Likes

3,341

Comments

1,317

Engagement

0.97%

Search the Record

Indexed

Every word spoken in this episode is indexed. Type any phrase to jump straight to the moment it was said.

Type any word or phrase that may have been spoken. Click a result to seek the player to that exact moment.

Try a name, a topic, or a quoted line

YouTube Description

as posted by the channel

The European Union has long relied on sea deliveries to receive the bulk of its Russian oil imports.

Beginnning Monday, those shipments fall under embargo and will stop by early January, following a grace period. Many Russian oil tankers are now heading toward Asia.

But can Asia make up the difference? In October, Russia exported almost 8 million barrels of crude oil and oil products, such as diesel, per day. Two and a half million of that went to the European Union, the bulk of it transported by sea. That's down from before the war.

Crude exports have recently surged to other countries, especially India and China. In October alone, Russia transported the equivalent of 1.1 million barrels of crude to India every day. In January, it was just a mere 100,000 barrels. Crude exports to China have also increased.

Many experts believe that as the embargo approaches, Russia is gearing up to ship more and more crude directly to Asia.

For more news go to

Follow DW on social media:

Für Videos in deutscher Sprache besuchen Sie

#Russia #EU #OilEmbargo

Guests & Subjects Covered

The European UnionBeginnning MondayMany RussianAsia ButIn October RussiaEuropean UnionChina In OctoberIn January

Sentinel Indexing in Progress

Metadata and chapters are available. Claim extraction for this episode is pending.

All video content is delivered via YouTube embedded players in accordance with the YouTube Terms of Service. Sentinel provides research tools that promote discovery and accountability across political media.

How Russia sidesteps the EU oil embargo with aging tankers | DW Business · Dw News · Sentinel