The EU reduced imports of oil and oil products from Russia to 1.4 million tons in March
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According to the results of March, imports of oil and oil products from Russia to the EU countries decreased to 1.4 million tons against the backdrop of sanctions against Russia. This was reported Interfax with reference to the Eurostat report.
In March 2023, EU countries purchased 1.17 million tons of oil and 0.3 million tons of oil products from Russia. Compared with the average monthly similar indicator for 2019-2022 of 15.2 million tons, in March 2023, imports fell by 90%.
In the summer of 2022, the EU adopted the sixth package of sanctions against Russia, which included an embargo on Russian oil and oil products. The ban on oil came into force in December 2022, on oil products on February 5, 2023. As part of the embargo, a price ceiling for Russian energy resources was also introduced. The Czech Republic, Croatia, Bulgaria and Hungary have secured exemptions under the sanctions.
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