Oreshkin announced a reduction in oil discounts for friendly countries
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Oil discounts for friendly countries will decrease. This was announced by presidential aide Maxim Oreshkin during SPIEF.
“If we talk about discounts, then in reality they are less and will be even less. But you don’t have to tell anyone about it. Let everyone think that everything is bad,” he said (cit. by Prime), answering a question from Deputy Andrey Makarov about how big the discount on oil could be, for example, for India in the future.
Earlier, Russian Deputy Prime Minister Alexander Novak said that Russia plans in 2023, to supply more than 80% of export volumes of oil and 75% of oil products to friendly countries, thus reducing the share of oil and oil products supplies to unfriendly countries to 20% and 25%, respectively.
Now the largest buyers of Russian oil are India and China. In particular, according to Kpler, in March Russia sent a record amount of oil to India – 2.14 million barrels per day, which is 4.6 times more compared to the same period in 2022. The growth in Russian oil supplies to India has continued since August 2022. During this time, exports in this direction have grown 2.5 times. Deliveries of raw materials to the Indian market from the Russian Federation became regular about a year ago. In March 2022, after the start of the NWO in Ukraine and increased sanctions pressure, Russian oil companies had to redirect supplies from Europe to new markets.
Russia now continues to supply oil to some unfriendly countries that have been temporarily granted exemptions from the sanctions regime and allowed to buy raw materials from the Russian Federation. In particular, exceptions are made for Hungary, the Czech Republic and Slovakia, which receive oil through the Druzhba pipeline, Bulgaria (marine deliveries are allowed) and Japan (imports oil from the project “Sakhalin-2“). Deliveries through Druzhba in 2022 increased by 7% yoy to 38.4 million tons, but already in January 2023 they began to decline due to a decrease in imports to Germany and Poland.
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