Purchases grew zero.four% from Might to June, RBC stories, as European nations brace for powerful restrictions
European nations elevated imports of oil and oil merchandise from Russia in June, in contrast with the earlier month, RBC information outlet reported on Thursday, citing preliminary Eurostat information. The rise got here after EU governments accredited an embargo on Russian crude, as a result of take impact by early 2023.
Statistics confirmed EU states imported about 7.three million tons of Russian petroleum, which is zero.four% greater than in Might. Imports of oil merchandise from Russia in June elevated by 9.7% in comparison with the earlier month, to 2.65 million tons.
Complete imports of Russian oil and petrochemicals by EU nations in June jumped by 2.7% from the Might stage, Eurostat information signifies.
Nevertheless, the entire provide of Russian fossil fuels to Europe has declined amid Western sanctions. In June 2022, oil exports from Russia to the EU had been 7% decrease than throughout the identical month final yr, whereas gross sales of oil merchandise plunged by 24%.
READ MORE: EU eases sanctions on Russian oil exports
As a part of a sixth sanctions package deal launched in June, the EU imposed a partial embargo on Russian oil, banning sea shipments to the area and prohibiting European firms from insuring and reinsuring sea transport of Russian oil and refined merchandise to nations outdoors the European Union.
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