Factbox-How much oil does the European Union import from Russia?
(Reuters) – The European Union has agreed to ban the majority of imports of Russian crude and oil merchandise in its newest spherical of sanctions following Moscow’s invasion of Ukraine.
The ban on seaborne crude imports shall be phased in over six months and for seaborne refined merchandise over eight months. It excludes deliveries through the Druzhba oil pipeline which provides refineries in Jap Europe and japanese Germany.
But many European patrons have voluntarily suspended purchases of Russian oil or introduced plans to part it out, which implies Russian oil imports shall be reduce by about 90%.
Following is a abstract of key info concerning the EU’s use of Russian oil:
HOW MUCH RUSSIAN OIL DOES THE EU IMPORT?
Europe was the vacation spot for almost half of Russia’s crude and petroleum product exports earlier than Russia’s invasion of Ukraine, in accordance with the Worldwide Vitality Company (IEA).
The EU imported 2.2 million barrels per day (bpd) of crude in 2021, together with 0.7 million bpd through pipeline, in addition to 1.2 million bpd of refined oil merchandise, IEA knowledge exhibits.
WHICH EU COUNTRIES IMPORTED THE MOST OIL FROM RUSSIA?
Germany has been the highest EU purchaser of Russian oil, importing 687,000 bpd of crude oil and 149,000 bpd of refined merchandise in November 2021, based mostly on the newest IEA knowledge.
Germany was additionally the most important EU’s importer of Russian pipeline crude, which stood at 555,000 bpd in 2021, whereas Poland imported 300,000 bpd of pipeline crude.
Each are on the northern route of the Druzhba pipeline, the principle transit route for Russian oil exports to Europe.
The Netherlands, Europe’s key buying and selling hub, was the second largest importer of Russian crude and the EU’s high importer of Russian refined merchandise. The Dutch imported 414,000 bpd of crude and 335,000 bpd of refined merchandise in November 2021.
WHICH EU COUNTRIES WERE MOST DEPENDENT ON RUSSIAN OIL?
International locations on the southern route of the Druzhba pipeline operating by Ukraine are particularly depending on Russian crude imports. Russian oil accounted for 92% of Slovakia’s crude imports in November 2021.
For these importing by sea, Russian oil accounted for 87% of imports by Lithuania and 84% of Finland’s imports in November 2021, the IEA knowledge confirmed. Each of these nations have mentioned they had been now not shopping for from Russia.
(Compiling by Shadia Nasralla and Nerijus Adomaitis)
