Exclusive: Ukrainian economic adviser urges energy firms to heed deadline to halt trade of ‘Russian-origin oil products’
The oil company Shell and energy trader Vitol have been accused of prolonging the war inby exploiting a “loophole” in the EU sanctions regime to bring products derived from Russian oil into Europe through Turkey.
The EU implemented a ban on importing seaborne Russian crude oil on 5 December – the same day as a G7 price cap on Russian seaborne exports – and the ban was extended on 5 February to refined products such as diesel and fuel oil. While it cannot be proved whether the products were definitely derived from Russian crude, Turkish refineries are importing vast quantities from Russia, which can then be immediately refined or blended with crude from other nations.imported 143m barrels of crude from Russia, a 50% increase from 2021. One refinery dominated that trade – Star in Aliaga, on Turkey’s Mediterranean coast. The refinery is owned by the Turkish division of Azerbaijan’s state oil firm Socar.
Vitol, the world’s largest independent energy trader, sourced 2.77m barrels from the Star and Izmit refineries for delivery to Latvia, Cyprus and the Netherlands since the start of the war in Ukraine, the analysis found.
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