Imports of Russian petroleum products is set to rise 25% from July to about 235,000 barrels a day, Bloomberg reported citing data from energy analytics firm Kpler Ltd.
Brazil’s increased fuel imports from Russia are taking place as the country is offering discounts for its products as the country is under tough Western sanctions.
“Getting discounted barrels is a financial boon” to Brazil, where the government is always under pressure to lower the cost of transport fuels, said Viktor Katona, the lead crude analyst at Kpler.
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