Russian oil continues to enter the European Union, despite the oil embargo imposed on Russia in early 2023. This happens through Turkish ports, where oil is re-labeled as Turkish before being delivered to European countries. This was reported by the American edition of Politico, citing its data, as well as the results of an investigation conducted by the Center for Energy and Clean Air Research (CREA) and the Center for the Study of Democracy (CSD). Using loopholes in the sanctions regime, in the 12 months after the ban was imposed in February last year, Russia received up to 3 billion euros for oil exports to the EU through the Turkish ports of Ceyhan, Marmara-Ereglisi and Mersin. This scheme turned out to be possible, since the EU still allows the import of «mixed» fuel if it is marked as non-Russian. According to Politico, in the year from February 2023, Turkey increased fuel purchases in Russia by 105%, and fuel exports from Turkey to the EU increased by 107%. Analysts note that Turkey has become a strategic point for redirecting Russian fuel products to Europe, which brings significant tax revenues to the Russian budget.
SZYBKIE LINKI
ForexMart is authorized and regulated in various jurisdictions.
(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines
Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.
Skontaktuj się z ForexMart 
