The West is still taking in billions worth of Russian oil products, a new think tank analysis shows.
AdvertisementRussia is still passing off billions of dollars worth of oil products to the West — a sign that the West is still struggling to throttle Moscow's war revenue with strict sanctions.
CREA data shows that Russia sold $1.3 billion worth of oil to three Turkish refineries in the first half of the year.
G7+ nations, meanwhile, purchased around $2 billion of oil products of Russian origin from Turkish refiners, the think tank estimated.
Turkey is the last-remaining "short-haul market" for Russian oil sent from its western ports, taking in around 210,000 barrels of Russian crude a day the last month, the outlet reported.
Persons:
—, It's, crimp
Organizations:
Service, Centre for Research, Energy, Clean, Argus Media, Bloomberg
Locations:
Russia, Turkey, West, Turkish, Ukraine, ., New York