Recording changes to Russian oil exports and EU oil imports since the war in Ukraine

Russia's war in Ukraine has triggered a major upheaval in the global oil markets, forcing Moscow to find alternative buyers and Europe to source new supplies as Western sanctions seek to clamp down on Moscow's vital oil revenues.

With an EU embargo and the G7 price cap on Moscow's oil now fully in place, Russian seaborne crude exports remain resilient as more volumes head East. Russian oil product exports have suffered, however, with new buyers in Africa unable to absorb Russian fuels displaced from Europe.

Related story: Russian seaborne crude exports hit post-war high on Indian buying spree

(Latest update: June 7, 2023)