Posted: 01.02.2023 17:04:00

Media: Russia transports record volumes of oil by sea

After the introduction of Western sanctions against the Russian Federation, the latter began to transport large volumes of its flagship Urals brand oil by sea, reports


According to Bloomberg, a record of 14m barrels is likely to be set in January. Based on tanker tracking data, a total of 19m barrels of crude oil are likely to be transported by sea this month and in 2022.

Due to restrictions on Russian oil imports, as well as on the price of its purchase in the EU and G7 countries, the cost of freight has sharply increased. Experts note that sea transportation is an effective way to deliver Russian oil to customers and should help reduce costs over time.