Report: Russia retains volumes of oil export by sea despite limits

MOSCOW, May 24 (PRIME) -- Russia keeps on exporting oil by sea in almost the same volumes despite many companies’ refusal to buy crude from the state, Bloomberg reported late on Monday citing corresponding data.

“Russia’s seaborne crude exports are flowing unabated, despite European Union regulations that prohibit dealings with the country’s state energy companies,” the agency reported.

“Overall crude shipments edged lower in the seven days to May 20, but showed little clear impact from the EU restrictions that came into effect on May 15,” the agency reported.

“A total of 32 tankers loaded about 24 million barrels from Russian export terminals, according to vessel-tracking data and port agent reports. That put average seaborne crude flows at 3.44 million barrels a day, down by 3% from 3.55 million barrels in the week ended May 13,” the agency reported. 

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