India significantly increased its imports of Russian crude oil after the Russian invasion of Ukraine began.
The arrival of hundreds of tankers in poor condition in the already congested Gulf of Finland has multiplied maritime and environmental safety risks.
Transit of such goods via Turkey was stopped from 1 March.
Most of the transactions involve Chinese customers.
The cost of logistics for the Ukrainian mining and metallurgical industry has increased 4–5 times since the beginning of the war.
The Maersk Magellan tanker was blocked from unloading its cargo because the cargo was previously carried by the Nobel tanker, which was Russian-flagged until July 2022.
Russia was able to obtain tankers from non-European countries to transport its crude oil.
The company is hoping that the plant near Minsk will resume full operation after sanctions are lifted.
Russian carriers compensated for their losses on European routes by increasing transport volumes to Asian countries.
About 270,000 tons of Russian crude oil thus arrived in the territorial waters and exclusive economic zone of Greece, an EU member state.
Importers buying Russian semi-finished products at discounted prices have an advantage over other steel producers in the EU.
This means that it will be impossible to export components for manned and unmanned aerial vehicles to Russia.
China, India, Iran, Mongolia, Kazakhstan, and Armenia opposed the decision.
About 300 aircraft belonging to Russian airlines can now fly abroad
Restrictions on such imports apply in case of non-compliance with the "price ceiling" for the purchase of Russian oil.
The head of the Belarusian Railway and Belarus’ first deputy minister of transport were also sanctioned.