Dirty oil will cause Russia losses of billions of dollars

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www.vsyako.netPhoto: Laszlo Balogh / Reuters

Russia in June 2019 may lose billions of dollars due to the reduction of oil exports in connection with its pollution. About it reports Reuters.

According to estimates of the Agency, the admission of oil to the Russian operator of the “Druzhba” pipeline company “Transneft” has fallen from 1 to 16 may by six percent in comparison with the average level of April and reached 19.1 million tonnes. Oil supplies to Belarus and far-abroad countries decreased by 1.8 million tons — is equivalent to a billion dollars. If delivery will not resume until the end of the month, the loss may increase by half, says the Agency.

Experts of Capital Economics believe that if the supply situation will be resolved in late may or early June, the impact on the Russian economy will be negligible. However, risks to the economy will increase if the situation with contaminated oil will not change.

According to the chief economist at ING in Russia and CIS Dmitry Dolgin based on known inputs on a simple pipeline, falling export revenues to the end of the year reached about five billion dollars. He noted that the annual current account 100 billions of dollars is not as critical. Dolgin added that simple can be partially compensated by alternative supplies.

About the lower quality of Russian oil in the Druzhba pipeline to Belarus was announced in mid-April. Raw materials found excess content of chlororganics, which led to the temporary suspension of Russian oil transit to Europe by pipeline. As it turned out, the raw material was contaminated at the site Samara — Unecha. In “Transneft” declared that the oil was contaminated intentionally. In fact the incident a criminal case. According to investigators, the oil failed to hide the theft.

Video, photo All from Russia.



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