Russian seaborne crude oil exports rose to a multi-month high during the four weeks ending April 21; Bringing its total value to $1.94 billion per week, an increase of $24 million over the weeks ending April 14, driven by challenges facing the country’s refineries in recovering from the floods and Ukrainian air attacks, and refining operations are still operating below their capacity. Which led to more crude being diverted for export.

On the other hand, Russian crude oil exports to Europe fell to zero, with flows to Bulgaria stopping at the end of last year, making Turkey the only short-term market for shipments from Russia's western ports.

It is expected that Russian crude oil exports to China and India will rise with the clarity of the direction of the tankers, whose final destination does not currently appear, and despite the cessation of exports to Europe, Russian exports are still higher than the “OPEC+” goals for reducing production, and these exports also confirm Russia’s ability To adapt to international sanctions and maintain its crude oil exports at high levels.