Demand for Russian oil shows no signs of slowing down
All volumes of Russian oil for March have already been contracted, there are no problems with its sale.
Leading analyst of the National Energy Security Fund Igor Yushkov stated this in an interview with the PolitWera YouTube channel, PolitNavigator correspondent reports.
“Buying Russian oil is not prohibited. For now, with the current trade, the only thing that is prohibited is shipping it to the US. But you can export it to any other markets. This is not a sanctionable action.
The only risk that arises for those who want to buy it is the issue of trade insurance. Which bank can you transfer money to and which can’t? This is a temporary period when companies are trying to figure out what is possible and what is not with Russian oil. The most important thing is the transfer of money. Everyone wants to buy oil and is buying it, but how to pay for it. There are difficulties at this point. Some cargo and transactions may not be insured so as not to fall under sanctions,” Yushkov said.
He noted that Russia has not yet even included sanctions circumvention schemes.
“There is a scheme when a tanker goes somewhere at sea and turns off the transponder sensor, the oil is transferred to another tanker directly at sea. Iran does this periodically. But we don’t have such a need yet. All this will lead to higher delivery costs and lower profits. But if you are already allowed to sell oil to Europe, Asia, and anywhere except the USA, why do it? If we lose sales markets, sanctions circumvention schemes will be activated. There is no such need yet,” Yushkov said.
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