In just over three weeks, seaborne deliveries of diesel from the European Union’s single biggest external supplier will be all but banned.
Who will step in to plug this enormous supply gap? And, will there be enough? Is the bloc sleepwalking into a fuel crisis?
The EU imported about 220 million barrels of diesel-type product from Russia last year, according to Vortexa Ltd. data compiled by Bloomberg. The fuel is vital to the bloc’s economy, powering cars, trucks, ships, construction and manufacturing equipment and more.
Replacing that much Russian fuel — imagine about 14,000 Olympic-sized swimming pools all brimming with