Russian oil shipments to Europe drop to 10-year minimum

Active development of the refinery sector, increase of oil consumption in Russia and increase of oil exports to China have caused reduction of Russian oil shipments to Europe to the minimal level of the past 10 years, The Financial Times reports.

Refineries Neste Oil (Finland), PKN Orlen (Poland) and MOL Group (Hungary) will suffer the biggest impact of cutting oil imports from Russia.

Adapted from Vestnik Kavkaza