Russia's overall crude oil exports fell in 2024 despite increased shipments to China as Western sanctions forced a shift in export routes.
Russia n crude oil exports , including overseas shipments and pipeline deliveries, fell by 2.2% in 2024 from a year earlier, Russia n business daily Kommersant reported on Monday, citing a source with knowledge of Russia ’s oil export data. Moscow classified oil production and export data after the invasion of Ukraine and the sanctions and embargoes that the West imposed on Russia in efforts to reduce Putin’s oil revenues. Exports of crude out of Russia declined by 2.2% to 295.
The EU has an embargo on Russian crude oil imports by sea, but pipeline deliveries are not banned. Flows through the Druzhba pipeline were exempted from the EU embargo on imports of Russian crude oil by sea that came into effect on December 5, 2022. The EU has exempted pipeline oil flows to landlocked EU member states from the ban. In light of the latest U.S.
Oil Exports Sanctions China Europe ESPO Crude Druzhba Pipeline Seaborne Shipments Aframax Tankers Far East Ports
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