The influx of European companies to buy diesel from Russia on the eve of sanctions

According to the correspondent of Fars News Agency, citing Reuters, knowledgeable sources say that since European companies have limited options for importing diesel, they are quickly buying this fuel from Russia; Because the entry of Russian diesel into Europe is going to be banned from February.

While European countries are heavily dependent on diesel imports from Russia, the European Union has decided to ban the import of petroleum products from Russia from February 5, 2023. The entry of Russian oil into Europe will be banned from December.

Pamela Munger, chief market expert at Vertexa Institute, said: November Russian diesel loadings to Amsterdam, Rotterdam, and Antwerp increased by 126 percent compared to October.

According to the information of Refinitio Institute, considering that European companies have few options for supplying diesel fuel in terms of price, in November, 44% of diesel fuel consumed on European roads was imported from Russia. This figure was 39% in October.

Although Europe has reduced its dependence on diesel imported from Russia by 50% compared to before the military conflict in Ukraine, Russia is still the largest supplier of diesel in Europe.

Eugene Lindel, an expert of FGE Institute, says: The EU should import 500 to 600 thousand barrels of diesel from other sources per day to replace imports from Russia. This volume of fuel enters Europe from India, Middle East and America.

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