- According to a report by Bloomberg, the vessel, which is anchored in waters near Brazil, is carrying more than 3.7 million barrels of Russian diesel.
- For unknown reasons, this marks a recent slowdown in Russian energy flows due to sanctions.
- Increasingly, Russian ships bound for Brazil deviate from their expected routes.
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A tanker carrying millions of barrels of diesel is floating along the coast of Brazil, Bloomberg reported, adding to recent delays in Russian oil shipments due to Western sanctions.
Bloomberg said Wednesday: A ship carrying more than 3.7 million barrels of Russian diesel fuel is lost off the coast of the world’s fifth-largest country, according to Kpler data.
The reasons for this and the number of ships waiting remain unclear, but the surplus highlights growing bottlenecks in Russia’s energy transport as US and UK sanctions have intensified since Russia’s invasion of Ukraine. There is.
According to Bloomberg, the 3.7 million barrels is equivalent to about two weeks’ worth of imports to the Latin American country.
As more sanctions are imposed on Russia’s economy, exports of oil and other energy goods are being shunned by many buyers, including longtime customers like India. increased US crude oil imports In the last few months.
With the delays and denials of energy shipments, Russia acknowledged that secondary sanctions, particularly trade barriers targeting Russian trade with companies outside the US and EU, are hampering oil exports.
Meanwhile, 2.8 million barrels of diesel are still headed to Brazil, much of it across the Atlantic, and Bloomberg said traders won’t ship diesel if they can’t unload the cargo.
More ships are leaving Russian ports for Brazil, but their routes suggest they won’t be headed there anytime soon, according to Bloomberg. In March, Brazil also introduced diesel-type fuel from the UAE and Kuwait.