For the war against Ukraine: a ban on the import of oil products to the EU from Russia has come into force
A ban on imports of petroleum products, including gasoline, diesel, kerosene, oil, and fuel oil, from the Russian Federation to the European Union has already come into force as of February 5.
According to foreign media, the reason for the restrictions was the sanctions imposed by 27 EU member states in response to Russia’s full-scale war against Ukraine.
In particular, the EU approved an embargo on maritime supplies of oil products from Russia in the summer, which came into effect on December 5, 2022.
However, there is an exception for Sofia and Zagreb, which can buy gas oil until the end of 2023. Prague also can buy Russian diesel fuel for the time being.
According to the plan, there will be a 55-day transition period for vessels intending to transport Russian oil products purchased and loaded before February 5 and unloaded before April 1, 2023.
The price ceiling of $45 per barrel is set for oil products at a discount to crude oil, including fuel oil. The second price ceiling of $100 per barrel applies to refined petroleum products at a premium to crude oil, including gasoline and diesel fuel.
