However, he clarified that now the oil will have to be transported much further: to the same – India or China. That is, the distance for transportation is increased by about 3 times, in addition, more ships are required, which have become more difficult to rent due to sanctions.
According to the expert, a difficult situation is brewing with the export of oil derivatives. Previously, Russia supplied most of it, mainly diesel fuel and fuel oil, to Europe. But Asian countries are not interested in buying them as they have their own oil refineries and are much more interested in importing crude.
“Therefore, Russia is now looking for new markets, how successful it will be, it will become clear by the end of the first quarter,” Khestanov summed up.
Earlier, the head of EU diplomacy, Josep Borrell, said that on February 24 the tenth package of EU sanctions against Russia would be approved which, despite the obstacles in its discussion, will include export restrictions for about 11,000 million euros.