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Published 2 years ago

EU Russian Oil Snub Appears to Be Gathering Momentum

Summary by Ground News

Russian oil producers are finding it increasingly difficult to sell barrels in their traditional European market. The shift seems to have gotten more pronounced since May 15, when tougher EU sanctions on the banking sector came into effect. Cargoes shipped from Primorsk and Ust-Luga are being forced to take much longer voyages to refineries in Asia.

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EU Russian Oil Snub Appears to Be Gathering Momentum

Producers of Russian crude are finding it increasingly difficult to sell barrels in their traditional European market.

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