Türkiye: Russian Oil Imports Drop After US Sanctions
Photo: Grok AI generated, ill. purposes
Türkiye has cut Russian oil imports by nearly 4 times following tougher US sanctions against Russian energy companies and tankers, Orda reports, citing The Moscow Times.
February shipments of Urals crude to Türkiye dropped to 0.42 million tons from 1.56 million tons in January.
Türkiye's largest refiner, Tupras, now requires all shipments to comply with the $60 per barrel price cap.
Turkish refineries are turning to African suppliers instead, with Libyan imports quadrupling and Nigerian oil reaching a four-year high.
Analysts estimate Russia could lose up to one-third of its seaborne oil exports, costing its budget approximately 2 trillion rubles in revenue this year.
Latest news
- Orda.kz Editorial Team to Cease Operations on September 1
- The Price of a Degree: How Students in Kazakhstan Pay for University
- Second Przewalski’s Horse Foal Born as Species Returns to Kazakhstan
- Kazakh Mining Companies Can Recalculate Purchases if Tenge Weakens
- Kazakhstan Names First Vice President in Three Decades
- What Almaty’s Bus Shelters Are Missing
- 400-Truck Queue Builds at Kazakh–Kyrgyz Border
- Kazakhstan Ready to Help Feed and Rebuild Gaza
- Tokayev Establishes New Presidential Security Body
- Almaty Takes Back Its Nearly Century-Old Hippodrome
- No More Guesswork on Savings: Kazakhstan Tightens Energy Audits for Businesses
- Public Money Could Be Used to Rescue Failing Kazakh Banks
- Third Kazakh Woman Reported Missing in Nepal-China Flood Zone
- Falconer Convicted Over 35 Protected Birds, Spared Punishment Under Amnesty
- Kazakh Citizen Detained in Yakutia in Phone Fraud Case
- Yuan Instead of Dollars? KazMunayGas Draws Record Demand in Asia
- China Gains Oil-Market Influence as OPEC+ Weakens
- Kazakhstan to Divide Smartphones Into White, Gray and Black Lists
- Kazakhstan’s Government Formally Resigns as First Kurultai Session Opens
- Rare Lynx Sighting Recorded in Northern Kazakhstan
