Since March, Russian oil with a market value of 778 million pounds has flowed into the UK as a third importer.

(Photo by European News Agency)

[Financial Channel/Comprehensive Report] Since the Russo-Ukraine war started, European and American countries have imposed various restrictions to sanction Russia.

The United Kingdom also banned companies from importing Russian oil at the beginning of the war, but recently discovered that since March, Russian oil with a market value of 778 million pounds (approximately NT$28.7 billion) has flowed into the United Kingdom in the name of the third importing country.

In order to combat Russia, countries have successively announced a ban on the purchase of Russian oil.

The United States, the United Kingdom, Canada and Australia began to ban companies from importing Russian oil in February and March; the European Union will ban the purchase of Russian crude oil and related products in stages in December this year and February next year, and also prohibit companies from transporting Russian oil Provide any financial services such as insurance and loans.

Please read on...

The Times reported that in May, Russian tankers transferred 250,000 barrels of oil on the high seas to Greek tankers, which were then imported to the UK on June 6.

However, most of these crude oils were imported under the names of the Netherlands, Germany and Belgium when declared.

Data show that at least 778 million pounds worth of Russian crude oil has entered the UK since March, of which 200 million pounds (approximately NT$7.3 billion) of crude oil arrived in June and July. It showed that the country did not import Russian fuel at all in June. This move also caused the public to question the British "washing the origin" of Russian oil.

According to maritime experts, this method is a "conventional method". Since the UK measures the nationality of imports by the country of origin, not the country of production, this means that even if a Greek tanker is carrying Russian-produced oil imported to the UK, the goods will not be imported. The country of import is registered as Greece and not Russia.

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