Russia Set to Export Large Amounts of Diesel Before EU Sanctions
- Baltic, Black Sea flows set to reach at least three-year high
- EU will ban imports of Russian oil products from Feb. 5
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Russia’s seaborne diesel exports are set to boom next month as the nation races to get cargoes into the market before a European Union embargo begins in February.
Shipments of the fuel from Russia’s key Baltic and Black Sea ports, including some that originated in Belarus, are set to surge to 2.68 million tons in January, a 8% hike on December’s planned flows and the highest export rate since at least January 2020, according to industry data seen by Bloomberg.