DW News published this video item, entitled “How Russia sidesteps the EU oil embargo with aging tankers | DW Business” – below is their description.
The European Union has long relied on sea deliveries to receive the bulk of its Russian oil imports.
Beginnning Monday, those shipments fall under embargo and will stop by early January, following a grace period. Many Russian oil tankers are now heading toward Asia.
But can Asia make up the difference? In October, Russia exported almost 8 million barrels of crude oil and oil products, such as diesel, per day. Two and a half million of that went to the European Union, the bulk of it transported by sea. That’s down from before the war.
Crude exports have recently surged to other countries, especially India and China. In October alone, Russia transported the equivalent of 1.1 million barrels of crude to India every day. In January, it was just a mere 100,000 barrels. Crude exports to China have also increased.
Many experts believe that as the embargo approaches, Russia is gearing up to ship more and more crude directly to Asia.
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China is the third largest country in the world by area and the largest country in the world by population. Properly known as the People’s Republic of China, the political territory of the country includes Tibet and Hong Kong. The capital is Beijing.
The European Union (EU) is a political and economic union of 27 member states that are located primarily in Europe. Its members have a combined area of 4,233,255.3 km² and an estimated total population of about 447 million.
India, officially the Republic of India, is a country in South Asia. It is the second-most populous country, the seventh-largest country by land area, and the most populous democracy in the world. New Delhi is the capital.
It has an exceptionally diverse population, with Hindus, Muslims, Christians, Sikhs, Buddhists, Jains and other religions speaking over 21 recognised languages.
Russia, or the Russian Federation, is a transcontinental country located in Eastern Europe and Northern Asia. It extends from the Baltic Sea in the west to the Pacific Ocean in the east, and from the Arctic Ocean in the north to the Black Sea and the Caspian Sea in the south.
Russia spans more than one-eighth of the Earth’s inhabited land area, stretching eleven time zones, and bordering 16 sovereign nations. Moscow is the country’s capital.
The Soviet Union was dissolved in 1991 and since 1993 Russia been governed as a federal semi-presidential republic. Russia is a major great power, with the world’s second-most powerful military, and the fourth-highest military expenditure. As a recognised nuclear-weapon state, the country possesses the world’s largest stockpile of nuclear weapons.
