The bloc’s 27 members have been unable to agree on an embargo, with Germany warning against hasty steps that could push the economy into recession, and some countries, such as Hungary, opposing any ban.
However, Germany aims to phase out Russian oil imports by the end of this year, officials said, as does Poland.
Many buyers in Europe are voluntarily avoiding Russian crude to avoid reputational damage or potential legal difficulties.
Russian exports of oil products from the Black Sea port of Tuapse in March were only half of what was planned, falling to 738,000 tonnes as European buyers stayed away.
Meanwhile, India and China, which have refused to condemn Russia’s actions, continue to buy Russian crude.
Watch: How EAM Jaishankar Broke Europe’s Double Standards on Russian Oil Imports
Foreign Minister S Jaishankar made a sharp comment on criticism of India’s oil trade with Russia. Jaishankar defended India’s decision to seek “good deals” for its power requirement amid market volatility. He also said that there is a ‘campaign’ against India for buying Russian oil at a discount price. EAM Jaishankar was speaking at an event organized by the Indian Council for World Affairs, where he had a discussion with UK Foreign Secretary Liz Truss. Truss said: ‘India is a sovereign nation, I am not going to tell India what to do.’ Watch!
Lured by deep discounts following Western sanctions on Russian entities, India has bought at least 13 million barrels of Russian crude since the end of February.
That compares with about 16 million barrels for all of 2021, data compiled by Reuters shows.
Below are the current and former buyers of Russian crude (in alphabetical order):
Greece’s largest oil refinery relies on Russian crude for around 15% of its consumption. Earlier this month, the company secured additional supplies from Saudi Arabia.
India’s state-owned refiner bought 2 million barrels of Russian Urals for loading in May, trading sources said last week.
OIL CORPORATION OF INDIA
India’s top refiner bought 3 million barrels of Urals for May delivery from Vitol on March 23, trading sources said. This is the second purchase of the Urals by the IOC since Russia invaded Ukraine on February 24.
The company has a contract with Rosneft that gives it the option to buy up to 2 million tons, equivalent to about 15 million barrels, of Ural crude in 2022.
Italy’s largest refinery, owned by Switzerland-based Litasco SA, controlled by Lukoil, processes Russian and non-Russian crudes.
The Leuna landlocked refinery in eastern Germany, majority-owned by TotalEnergies, also receives Russian crude from the Druzhba pipeline.
Russian crude still accounts for about 14% of the input at Germany’s largest refiner, Miro, which is 24% owned by Rosneft.
The Hungarian oil group, which operates three refineries in Croatia, Hungary and Slovakia, continues to buy Russian crude through the Druzhba pipeline, as well as refined products, a company source told Reuters.
Hungary opposes sanctions against Russian oil and gas.
The private Indian refiner, partly owned by Russia’s Rosneft, bought Russian oil after a one-year gap, buying around 1.8 million barrels of Urals from trader Trafigura.
A Bulgarian refinery, owned by Russia’s Lukoil, and with Russian crude accounting for around 60% of its consumption, continues to refine Russian crude.
Germany’s PCK Schwedt refinery, 54% owned by Rosneft, receives crude oil through the Druzhba pipeline.
Indonesia’s state-owned energy company PT Pertamina is considering buying crude oil from Russia as it searches for oil for a newly renovated refinery.
Exxon Mobil declined to comment on whether its Dutch refinery in Rotterdam was using Russian crude.
The Dutch refiner, 45% owned by Lukoil, declined to comment on whether it was using Russian crude.
The British oil company, which is abandoning its stake in Rosneft, will not enter into new agreements with Russian entities to load at Russian ports, unless it is “essential to guarantee the security of supplies”.
Japan’s largest refiner has stopped buying crude oil from Russia, while some cargoes signed under previous deals will not reach Japan until around April.
The energy group, 30.3% owned by the Italian government, suspends purchases of Russian oil.
No Russian crude will be used at Germany’s Bayernoil refinery, in which Eni and Rosneft have stakes.
Norway’s majority state-owned energy company has stopped trading Russian oil as it ends operations in the country.
The Portuguese oil and gas company has suspended all new purchases of petroleum products from Russia or Russian companies.
The global mining and trading firm, which has a 0.57% stake in Rosneft, said it would continue to honor its obligations under previously signed contracts but “would not enter into any new trading business with respect to commodities.” of Russian origin unless directed by the corresponding government”. authorities”.
The Finnish refiner has Russian oil contracts until the end of the year, but is not signing any new supply agreements.
Poland’s largest refiner has not bought Ural crude on the spot market since the start of the war in Ukraine, the company said on Friday, while it bought some cargoes from Norway.
However, the company, which operates refineries in Lithuania, Poland and the Czech Republic, buys crude under previously signed long-term supply contracts with Russia’s Rosneft and Tatneft.
Sweden’s largest refiner, owned by Saudi billionaire Mohammed Hussein al-Amoudi, has “paused” new orders for Russian crude, which accounted for around 7% of its purchases, replacing it with barrels from the North Sea.
The Spanish company has stopped buying Russian crude on the spot market.
The world’s largest oil trader will stop buying Russian crude and phase out its stake in all Russian hydrocarbons.
The French oil company will not sign new contracts and has promised to stop buying Russian crude and oil products by the end of this year.
The Swiss refiner, which owns 51.4% of Germany’s Bayernoil refinery, said it does not plan to enter into new deals to buy Russian crude.