Russia has increased oil exports to Asia since the Ukraine invasion caused Western sanctions against Russian oil imports. Some crude oil and products that go to Asia are transferred from one ship to another in international waters throughout Europe, including outside the territorial waters of Britain. On the coast of Suffolk in the UK, outside the British territorial waters, at least two transfer ships occurred in May, and the ships infected with the British helped transfer and send supplies to tankers, according to an investigation by Global Witness and Independent.The beach in Southwold, Suffolk, is designated as an area with extraordinary natural beauty, but is also one of the few areas around the British where the transfer of ships is permitted, Ben Chapman’s independent record.
Fuel STS Transfer from Suffolk identified by Global Witnesses and Independent saw two tankers carrying 165,000 tons of Russian fuel oil worth more than $ 201 million (£ 165 million) continuing to the Middle East and Singapore.This oil transfer is not illegal. However, the transfer of such ships (STS) throughout Europe is increasingly widely used to load Russian oil to ships which then head to Asia through the Suez Canal, the publication of tanker tracking has been shown. There are other areas throughout Europe where the transfer of STS has occurred, and the “hub” new STS transfer has begun to appear in recent months.
According to the tracking and analysis of the ship by the Lloyd list, China’s Superanker is at the center of a new STS transfer center in the middle of the North Atlantic, around 860 nautical miles to the west of Portugal. Such operations in the area have never been seen before, Alex Glykas from Maritime Advisors Dynamarine told Lloyd’s list.Russia also directed the export of residual fuel oil (RFO) – the largest exports in the world – far from the West and to Asia, Africa, and the Middle East, according to Roslan Khasawneh, a senior fuel oil analyst at the Vortexa Energy Analysis company.
“The flow of Russian change is building a new translight center for RFO Russia including offshore, Greece where there has been a surge in ship transfer to ship and in Egypt that has seen the import of Russian fuel oil climbing to the 70KBD record in it in June. As a result, the export of Egyptian fuel oil jumped to the highest 10 months 120kBD in June, most of them to Saudi Arabia, “Khasawneh wrote in an analysis in July.
Increased STS transfer helps Russia move more and more oil volumes to Asia and the main buyers there, China and India. These steps compensate for most of the western sanctions on Russian oil and the effects of the upcoming EU embargo on oil imports and marine products, are expected to take effect at the end of the year.Western sanctions have so far failed to destroy Russian oil exports because Moscow is re -directing crude oil and products to Asian buyers who are more than willing, China and India.
Russian oil exports fell only 250,000 BPD in June, to 7.4 million BPD, the International Energy Agency (IEA) said in its monthly report for July. Although the volume of crude oil exports and products is at the lowest point since August 2021, Russian export revenues have increased $ 700 million months to the month at higher oil prices, to $ 20.4 billion, or 40% above last year, IEA estimates indicate.European ship owners, especially private Greek operators, moved a lot of Russian oil in a few months before the European Union ban on the import of Russian oil in the sea that was kicked. Fortunately from a higher demand for very discounted Russian oil in China and India.
Crude oil exports and Russian products have not seen significant dents. Although the volume is slightly lower, so far, Putin makes more money than oil than he did before the Ukraine invasion or last year, because the price of oil remained high.The main purpose of the West is to paralyze Putin’s income but still allows Russian oil exports in a place in the world to cause the idea to close the price of Russian oil. The G7 group of leading industrial countries, led by the United States, is considering releasing insurance ban and all services that allow Russian oil transportation if the oil is purchased at or below a certain price.