Europe will refuse by the end of the year: Russia cannot find buyers for its oil - Bloomberg

Over the past four weeks, Russian oil purchases from China, Turkey and India have decreased. Moscow cannot find new markets for its oil, which it needs to be provided by December 5. The European Union's sanction for its maritime exports will come into force on this day, which Bloomberg writes. The publication writes that in addition to China, India and Turkey, no one is interested in buying Russian oil from significant volumes for its economy.

Thus, maritime transport from Russia increased seven days before October 28, but the average value in four weeks changed in the opposite direction. According to journalists, about 740 thousand barrels per day from this total number were sent to European countries. A month later, Russia will lose sales channels another 650 thousand barrels a day, which are delivered to Poland and Germany by the Druzhba Puppies. Thus, Moscow needs to find new markets for almost 1. 4 million barrels of oil a day.

It is reported that the placement of these additional volumes in existing buyers will require them to increase purchases by two -thirds and to reduce imports from other countries, and this is provided that sufficient vessels are found for transportation. The material states that the flows to China, India and Turkey reached a peak in June at 2. 2 million barrels a day. Four weeks before October 28, this figure decreased by about 380 thousand barrels a day.

It is reported that the total export of Russian oil has decreased on average in four weeks, declining for the second week, but remaining just above 3 million barrels a day. The biggest fall was in streams to Turkey. Earlier, Focus wrote that experts told how the event could affect the export of Iranian weapons to Russia. For periodic attacks on Ukrainian energy infrastructure, Russia is widely used by Iranian drones Shahd-136. Can sanctions of the West deprive Ukrainians of their terror.