Business Standard

Sunday, January 19, 2025 | 08:11 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

Where will Europe get its diesel from after Russia is banned in 23 days?

The fuel is vital to the bloc's economy, powering cars, trucks, ships, construction and manufacturing equipment and more

Russia, Oil
Premium

Jack Wittels and Prejula Prem | Bloomberg
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

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in