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Russian Diesel Exports On Track To Break Record Despite EU Sanctions

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According to Bloomberg, Russian diesel exports are on track to hit a record this month despite European Union sanctions that have deprived the country of its biggest market.

Moscow is dismissing concerns about a drop in exports due to a lack of alternative buyers, as Turkey, Morocco and other countries have stepped up purchases of Russian diesel, the text said.

Deliveries of diesel fuel from Russia during the first 19 days of March amounted to about one and a half million barrels per day, according to Vortek data collected by Bloomberg.

If that level is maintained, this month will see the largest export since the beginning of 2016.

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