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EU Vessels Moving Most Western Russian Crude

OIL

EU-owned vessels are loading the majority of Western Russian crude again according to Kpler.

  • Greek-owned vessels have done more loads of Western Russian crude this month than either the Russian or grey fleets.
  • In December, the EU fleet made up 13% of Russian trade, down from over 50% prior to the ban but it has since risen to 36% in January.
  • Loads on EU-owned vessels were slow to start post-ban but have accelerated since the end of December.


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