Russia's seaborne diesel and gasoil exports rose almost by a quarter in January from December as traders sought to increase supplies before new U.S. sanctions come into effect and amid seasonal low
Russia's seaborne diesel and gasoil exports rose almost by a quarter in January from December as traders sought to increase supplies before new U.S. sanctions come into effect and amid seasonal low domestic demand, LSEG and market sources data show.
The U.S. Treasury announced sweeping new sanctions against the Russian energy sector on Jan. 10, targeting two major oil companies, dozens of traders and some 180 vessels.
A transition period allows cargoes to be discharged from sanctioned tankers until Feb. 27 and financial transactions with the sanctioned companies to be completed by March 12.
In total, diesel and gasoil exports from Russian ports rose last month to around 4.2 million metric tons, up 24% from December but almost equal to 4.18 million tons in January 2024, Reuters calculations based on LSEG and market sources data showed.
Turkey and Brazil remained the main importers of Russian diesel and gasoil in January, according to shipping data.
Diesel and gasoil exports from Russian ports to Turkey rose last month to 1.6 million tons, up a third from December, while loadings for Brazil increased 17% on a monthly basis to 0.63 million tons.
Russia's January diesel and gasoil exports to African countries stood roughly
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