12.04.2023.

Russia found new oil buyers outside the European Union

"Russia will not reduce either oil production or oil exports. Russian statements about the alleged reduction of oil production are most likely manipulation of information. The purpose of this manipulation is to promote the rise of world oil prices."
Detailed analysis of the sharp increase in seaborne crude oil exports from the Russian Federation in March 2023.
The export of Russian crude oil from Black Sea ports in March 2023 set a record - 5,565,874 tons. That's significantly more than any previous month since April 2022 - the average for previous months was 3,457,348 tonnes.
This record increase was driven by exports to Asian and African countries outside the European Union, G7 countries and others that supported the oil embargo, which runs from December 5, 2022. In March 2023, Asian and African countries imported 91.4 percent of the total amount of Russian oil from Black Sea ports - 5,089,425 tons. For raid transshipment near Greece  476,449 tons.
Seaborne exports of crude oil from the Black Sea to road transhipment near the coast of Greece in March 2023 amounted to only 8.6 percent of the total volume. In March 2023, for the first time, there were no recorded calls of tankers with Russian crude oil from the Black Sea directly to ports in EU member states.
Exports of Russian crude oil by sea to non-EU+ countries in March 2023 increased by 3,216,048 tons or 2.7 times compared to the previous month (from 1,873,377 to 5,089,425 tons). The main importers and drivers of this growth in March 2023 were:

- India [IN] – volume 1,242,956 tons, growth – 443,197 tons, 1.6 times
- Singapore [SG] – volume 1,064,478 tons, growth – 949,033 tons, 9.2 times
- China [CN] – volume 877,217 tons, growth – 718,033 tons, 5.5 times
- Turkey [TR] – volume 468,386 tons, growth – 197,903 tons, 1.7 times

In March 2023, 45 tankers were transporting Russian crude oil. Based on the country of headquarters of the companies that own the ships, these are ships and companies from the following countries:
- - Cyprus [CY] – 1 tanker
- - Greece [GR] – 16 tankers
- - India [IN] – 7 tankers
- - Russia [RU] – 7 tankers (re-registered in Dubai, UAE)
- - Turkey [TR] – 6 tankers
- - Liberia [LR] – 5 tankers
- British Virgin Islands [VG] – 1 tanker
- Marshall Islands [MH] – 1 tanker
- China [CN] – 1 tanker
 
Based on all that has been said, it can be concluded and assumed that Russia will not reduce either oil production or export. Russian statements about the alleged reduction in oil production are most likely manipulation of information. The purpose of this manipulation is to promote the growth of world oil prices.
This Russian policy is most likely coordinated with OPEC+.
There is no shortage of fleets of tankers that would ensure these transports. Control of compliance with the terms of the contract by carriers from European Union countries ("maximum price") is most likely ineffective.
Participation in the transport of tankers from EU countries to other countries is not critical - 8 tankers, 17.8 percent of the total number.