The West spent two billion dollars on products made from Russian oil.

Debt for Russian oil
Debt for Russian oil

Western countries have already spent $2 billion on the purchase of Turkish oil products made from Russian oil since the beginning of 2024, reports Politico.

It is noted that the volume of fuel supplied to the West is increasing, and it is produced from Russian oil at Turkish petrochemical plants.

One of the Turkish petrochemical plants, Star Aegean, which is owned by Azerbaijan, is 98% dependent on Russian oil, with about 73% of its supplies coming from the Russian energy giant "Lukoil", which has been sanctioned by the US. However, almost nine out of ten barrels produced by the petrochemical plant go to Western allies who support Ukraine.

The fact that the oil is initially processed in third countries allows circumventing the sanctions, as it is not prohibited to purchase oil products made from Russian oil in another country.

The report recalls that Ukraine has repeatedly called for this loophole to be closed.

Meanwhile, Turkey is taking advantage of discounts on Russian oil ranging from $5 to $20 per barrel compared to Brent. Last year, the Turkish side increased its purchases by 34%, and during the first half of 2024 - by 70%.

Oil products produced by Turkish petrochemical plants are sold 10% cheaper than those offered by Saudi Arabia.

Source: Economic Truth


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