Tuesday, November 14, 2023

When it comes to oil the harsh economic reality becomes unavoidable

Editor's note: When it comes to the real power brokers in the UK and in the US sanctions against Russia are mostly intimidation and a show of force. When it comes to oil we see an entirely different perspective on harsh economic reality so screw the sanctions, everyone needs oil. The Pentagon (the US military is by far the largest user of oil in the US). Not only is the Pentagon using Russian oil products but the UK has been importing Russian oil through an intermediary in India. The western (US-UK-Europe) economic position using sanctions against Russia is unattainable.

Despite curbs, Britain importing oil from Russia via India: Report
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Source: Pravda

Pentagon might be buying Russian oil products despite sanctions – The Washington Post

BY EUROPEAN PRAVDA | UKRAINSKA PRAVDA | TUESDAY, 14 NOVEMBER 2023
Some of the petroleum products contracted by the US Department of Defense through suppliers in Greece and Türkiye may have Russian origin, despite Western sanctions that set price caps on them.

Source: This was indicated in an investigation by The Washington Post, as reported by European Pravda

Details: As the outlet stated, the supply of petroleum products under Pentagon contracts for servicing the US military was carried out through the Greek oil refinery Motor Oil Hellas on the Aegean coast.

After the imposition of sanctions on Russian oil, it began to flow not directly to the plant, but through an intermediary, a Turkish oil terminal in the city of Dörtyol, after which Russian oil was mixed and poured over several tankers to hide its origin.

According to WP estimates, Dörtyol received 5.4 million barrels of fuel oil by sea over the last two years, with all but 1.9 million coming from Russia. There have been 2.7 million barrels of Russian shipments to Dörtyol since the European Union sanctions went into effect in February.

During the same period, 4.2 million barrels of fuel oil were shipped from the terminal to Motor Oil Hellas. Those shipments amount to at least 56% of all the fuel oil that the Greek refinery received by sea.

The Washington Post could not pinpoint the exact percentage of fuel oil of a Russian origin present in the products that the Pentagon purchases. Multiple ingredients that cannot all be tracked during production are used to refine those products.

Please go to Pravda to continue reading.
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What sanctions?


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