(London News) The Financial Times reported that Russian oil companies deliberately raised their transportation costs when they sold crude oil to India, thereby bypassing the upper limit of the price of the West to Russia's oil implementation.$ 1 billion (about 1.4 billion yuan).
In December 2022, the Seventh Kingdom Group (G7), the European Union and Australia set the price of The upper limit of $ 60 per barrel to weaken the Russian government's ability to provide funds for the Ukrainian war.It is reported that after Russia, it seems that they have been exported to India for crude oil at a price of less than $ 60 per barrel, but the actual price is much higher than this after the transportation fee is included.
Analysis of Indian vessels directly driving Indian ships on the port of Russia's Polo Sea showed that in the three months as of July, the Russian side could report to large transportation costs, plus the use of domestic ships to transport these oils to collect transportation costs, and earn addition to Gundam Gundam.$ 1.2 billion.
The West has provided regulations for buyers, ship owners and insurance companies participating countries, but has not implemented restrictions on transportation costs.Hilgenstock of the Institute of Kimfu Economics said: "The cost of shipping is a major issue, which actually creates loopholes for the upper limit measures. Some people who are interested can sucked billions of dollars through this vulnerability."
The Russian customs records from December 2022 to the end of June 2023 show that the average price of crude oil transported from the Russian Paradise port to India is about $ 50 per barrel, which is in line with the Western restrictions on the offshore price of Russia (FOB).Indian Customs data shows that the coastal price (CIF) of these oils (CIF) is $ 68 per barrel, which is 18 US dollars higher than the departure.
The data that priced agency Argus has collected since February of this year also shows that the average price per barrel of Ural crude oil at India port is 14.90 US dollars higher than when it is in the Baltic port, and Agus estimatesThe actual transportation cost is only $ 9 per barrel.
An official of a state -owned oil company in India said that Russian oil purchased by Indian buyers contains freight, and it is not allowed to negotiate with freight arrangements or expenses.This means that excess transportation costs are likely to be included by Russian sellers.
According to data from the International Energy Agency, India currently accounts for about a quarter of Russian crude oil and refined oil exports.
The Financial Times surveyed 134 ships shipped Russian oil to India from May to July, and it was found that 23 ships were directly related to Russian entities.The survey also found 26 "ghosts" ships used to transport Russian oil. These ships were bought by people hidden behind the shell company after the outbreak of the Russian and Ukraine War.
British Foreign Minister Cleverly said: "Limited price measures have seriously limited Russian revenue since the implementation, and Putin has become more and more desperate and dishonesty in trying to reduce the impact of the price limit order, which is not surprising.Those who help Russia to fund this illegal war should know that Britain will continue to take action with partners to perform this measure. "
