Sunny Liger, a Marshall Islands-flagged tanker carrying a cargo of Russian diesel fuel in 2022. PAUL MARTENS/ANP/AFP via Getty Images
More than 3.7 million barrels of Russian diesel are on ships in the waters off Brazil, Bloomberg reports.
Although the reasons are still unknown, this is the latest delay in Russian energy flows as a result of sanctions.
More Russian ships heading to Brazil deviate from their expected route.
Bloomberg reported Wednesday that ships carrying more than 3.7 million barrels of Russian diesel fuel are languishing in waters off the world‘s fifth-largest country, according to data from Kpler.
The reasons for this and the number of ships waiting are not known, but the surplus highlights the increasing shortages in Russian energy supplies as US and UK sanctions escalate since Russia’s war of aggression against Ukraine began.
According to Bloomberg, 3.7 million barrels cover about two weeks of imports for the Latin American country. As more sanctions against the Russian economy take effect, oil exports and other exports of energy commodities are being shunned by many buyers – including long-time customers like India, which has increased its crude oil imports from the US in recent months.
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The delays and rejections of energy shipments led to statements from Russia about the stalling of its oil exports caused by the secondary sanctions. This can be attributed in particular to the trade barriers that target the business of companies outside the USA or the EU with Russia.
There are still 2.8 million barrels of diesel on the way to Brazil. A large part of it crosses the Atlantic. However, according to “Bloomberg”, the traders would not deliver them if they could not unload the goods.
More ships are also leaving Russian ports for Brazil – but their route suggests that they will not arrive in the Latin American country in the near future, according to Bloomberg. Brazil also imported diesel fuels from the United Arab Emirates and Kuwait in March.
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