Supply of Russian oil to India and China is reduced

MAINSTICTION OF RUSSIAN OF RUSSIA OF RUSSIA to Asia is reduced, writes Bloomberg. The publication notes that although in the early days of July there was a slight increase in supplies, their total volume continues to decline. This is despite the fact that recently it has become more actively using routes along the Black Sea, which reduces the distance to Indian ports.

According to the agency, the average weekly volume of Russian oil transportation to China and India decreased by 15% compared to the end of May. The daily volume of transportation returned to the indicators of April – 3.67 million barrels.

The publication explained that this situation is formed against the background of discussions on the introduction of restrictions on the export of Russian oil in the G7. True, according to the agency, it is still unclear how such a restriction will be carried out and how the Russian authorities can respond to it.