Unnecessary aggressor oil: As Russia loses its marketing in Europe and who else is trading with the Russian Federation

According to Bloomberg, the decline in supplies that has led to the fall of Russia's oil income "to the lowest level from early January. " Two weeks before the embargo on oil transportation, Russia has lost more than 90% of its market in the northern EU countries. About it reports Bloomberg. The publication estimated that before the invasion of Ukraine, Moscow sent 1. 2 million barrels of oil per day to the northern countries of the European Union.

But as of November, that is, only nine months, the supply of "black gold" is 95 thousand barrels, and the only point that accepts it is Rotterdam. "Lithuania, France and Germany stopped such imports a few months ago. Poland did the same in September," Bloomberg said.

It is noted that part of the supply of Russia has redirected to Asia through Baltic ports, and Indian oil refineries are buying barrels to use the preferential period offered by the United States and the United Kingdom, which is expected to accept the EU. In addition, the total supply of Russian oil has rolled up to a 9-week minimum of 2. 67 million barrels a day "seven days before November 18".

And in general, the reduction in supplies has led to the fall of Russia's oil income "to the lowest level since early January. " Earlier, Bloomberg reported that from December 1, 2022, Turkey will check insurance with oil tankers moving through the Bosphorus and Dardanelles straits. This decision is expected to reduce the flow of Russian oil further.

It is interesting that Turkey in this way wants to comply with the sanctions of the European Union introduced against Russia, although the country itself is not a participant in international restrictions on the Kremlin.