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Russia’s crude exports finally begin to fall, but the world is still awash with Russian oil – and loopholes in sanctions regimes
Global Witness reports that despite a 13% drop in Russian crude exports over five weeks, significant loopholes in UK and US sanctions allow Russian oil to enter these markets via blending and refining. Specifically, the 'CPC Blend' allows Russian-Kazakh mixtures to reach the UK, while Russian crude refined in India is imported into the US as gasoline. Additionally, the document criticizes Germany for allowing Siemens to export banned technology for Nord Stream 1 maintenance and notes the use of ship-to-ship transfers off the Suffolk coast to obscure oil origins.
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Document type: Statement
The price ain't right
A Global Witness investigation found that up to 20 million barrels of Russian ESPO crude, valued at $1.5 billion, were likely sold above the G7 price cap of $60 per barrel between December 2022 and January 2023. The report highlights the involvement of British and European shipping, insurance, and trading firms, while noting a severe lack of enforcement and attestation collection by authorities in Switzerland, Greece, and the UK.
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Document type: Report
A Transformative Loophole: American Sanctions Fail to Screen Out Russian Origin Petroleum Products
The document contends that US sanctions on Russian fossil fuels are undermined by a 'substantial transformation' loophole. While E.O. 14066 bans Russian oil, it excludes goods that have been 'substantially transformed into a foreign-made product', such as crude oil refined into gasoline in other countries. The author highlights that India and the Netherlands export refined fuels to the US that may contain Russian-origin oil, thereby continuing to fund Russia's war in Ukraine. Global Witness calls for the US, UK, and EU to ban all refined fuels that may have been produced using Russian crude.
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Document type: Statement
THE PETROLEUM DATASET CODEBOOK
The PETRODATA codebook describes a global dataset of onshore and offshore hydrocarbon reserves covering 1946–2003. It explains the transition from point data to generalized polygons to make the data practical for GIS analysis and conflict research, and defines 20 variables including discovery and production years.
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Document type: Guide