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a Russian oil export replaces Iranian oil to China: shipbroker
来源：shippingazette 编辑：编辑部 发布：2023/03/14 15:21:37
CHINA's imports of Russian oil have been steadily growing, replacing Iranian crudes, according to shipbroker Xclusiv, reports Hellenic Shipping News Worldwide.
"As the world economy is entering the second year of the Russian invasion in Ukraine, the US and EU place more and more sanctions against the Russian Economy," said Xclusiv's latest weekly report.
"The sanctions have significantly affected the trade between EU and Russia as the European Union has imposed import and export restrictions on several products.
"Russia's share in both EU imports and exports has dropped from 9.5 per cent to 4.3 per cent and from four per cent to two per cent respectively," said the Xclusiv report.
"As trade with Russia is being gradually replaced by other trade partners Russia's share in EU imports for six key products, namely, coal, natural gas, fertilisers, oil, iron and steel has greatly decreased.
"In particular, the largest reductions have been recorded for coal (from 45 per cent in 2021 to 22 per cent in 2022), natural gas (from 36 per cent to 21 per cent), fertilisers (from 29 per cent to 22 per cent), petroleum (from 28 per cent to 21 per cent) and iron and steel (from 16 per cent to 10 per cent).
The EU has replaced all three pipeline, road and seaborne trades from Russia solely with seaborne trade from other continents, giving a boost to shipping industry.
The US has overtaken Russia as the EU's largest seaborne trade partner, as imports of liquefied gas, coal and crude oil from the east coast of the US rose by 87.7 per cent, 85.4 per cent and 64.6 per cent, respectively, during the April-June period, compared with the same quarter of 2021," said the Xclusiv report.
"As the world economy is entering the second year of the Russian invasion in Ukraine, the US and EU place more and more sanctions against the Russian Economy," said Xclusiv's latest weekly report.
"The sanctions have significantly affected the trade between EU and Russia as the European Union has imposed import and export restrictions on several products.
"Russia's share in both EU imports and exports has dropped from 9.5 per cent to 4.3 per cent and from four per cent to two per cent respectively," said the Xclusiv report.
"As trade with Russia is being gradually replaced by other trade partners Russia's share in EU imports for six key products, namely, coal, natural gas, fertilisers, oil, iron and steel has greatly decreased.
"In particular, the largest reductions have been recorded for coal (from 45 per cent in 2021 to 22 per cent in 2022), natural gas (from 36 per cent to 21 per cent), fertilisers (from 29 per cent to 22 per cent), petroleum (from 28 per cent to 21 per cent) and iron and steel (from 16 per cent to 10 per cent).
The EU has replaced all three pipeline, road and seaborne trades from Russia solely with seaborne trade from other continents, giving a boost to shipping industry.
The US has overtaken Russia as the EU's largest seaborne trade partner, as imports of liquefied gas, coal and crude oil from the east coast of the US rose by 87.7 per cent, 85.4 per cent and 64.6 per cent, respectively, during the April-June period, compared with the same quarter of 2021," said the Xclusiv report.