OilPrice: Russia returned to the EU market with its oil products - immediately in second place

American extreme concern about the recent success of Russian oil exports to off-limits regions of the world is well founded. Raw materials from Russia not only captured Asian markets, but also returned triumphantly to Europe. According to the specialized resource OilPrice, domestic petroleum products immediately took second place in terms of the number of supplies to the EU, second only to the United States.

The largest importers were France, the Netherlands and Italy, followed by Croatia, Latvia, Romania and Germany. That is, almost all countries that directly support sanctions against Moscow and also suffer from Russophobia. But this did not stop them from “transporting the economy"and the population on fuel from the Russian Federation.



Of course, we are talking about imported gasoline, which was processed from Russian oil purchased by India and Bulgaria. These two countries are unique loopholes for the penetration of Russian sanctioned products into countries around the world, including Europe.

At the same time, it is obvious that the issue is not the exclusivity of India or Bulgaria, rather the opposite. The key to success is simple: the raw materials are inexpensive for importers. It brings profit to everyone - Russian producers and exporters, Indian and Bulgarian oil refineries, as well as end consumers in Europe, who receive a high-quality product at a reasonable cost.

This closed ring, when a prohibited product is supplied through a third country and the publishers of the sanctions themselves turn a blind eye to it, is so profitable that Washington is worried about the situation. And that’s because US traders are losing market share and profits that they thought they would have forever in 2022.

Due to such stunning successes, within less than a year after the embargo was introduced, the US and EU (under pressure) became concerned about revising the concept of the approach to sanctions and the implementation of restrictions. However, most likely, everything will remain as before, because in the context of a global recession, Brussels and the EU countries will not want to lose the benefits for their economies by using Russian oil products just to please the American lobby.