A recent report by the Centre for Research on Energy and Clean Air CREA and the Center for the Study of Democracy CSD reveals that the European Union EU has imported EUR 3 billion worth of oil products from Turkish ports that predominantly handle Russian oil—ports that don't have refining hubs. This trade has effectively bypassed the EU/G7 sanctions on Russian petroleum products.
This reliance has grown from 52% in 2022 to 72% in 2023, indicating a deepening dependency on Russian refined products like diesel, gasoil, and jet fuel. Investigations by CREA and CSD suggest that European entities may have been importing Russian oil products that are either mixed or re-exported from Turkish storage terminals.
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Source: OilandEnergy - 🏆 34. / 68 Read more »