Russian oil trade and economy: A closer look at the current state.

European tanker owners are benefiting from the EU's ban on imports of Russian crude and products and the EU and G-7's implementation of price caps. Russia is being forced to accept steep discounts on its crude and diesel, and its exports continue to flow. Tanker owners that legally transport Russian products under the price cap are earning "significantly over the standard freight rate." The biggest market for Russian diesel currently is Turkey, followed by North Africa, West Africa, Brazil, and the Middle East.