Pack of measures against the Government Der Vladimir Putin focuses on oil; Moscow accounts for 63.6% of Brazilian diesel imports in 2024
It decided to intensify the pressure on Russia, aligning with them to implement a new set of sanctions. The 17th package of measures, which was recently announced, focuses on Russian oil trade. This action occurs in a context in which it became the largest source of diesel imported by Brazil, representing 63.6% of imports in 2024.
The president (PT), in his recent visit to Moscow, stressed the importance of Russia as a strategic commercial partner. Despite sanctions, Russian oil shipments to Brazil continue to establish themselves, although they face logistics challenges. The European Union is elaborating a new package of sanctions that specifically aims at the fleet responsible for the transportation of Russian oil.
Europe’s rhetoric of Russia has become increasingly blunt, with proposals for high tariffs on business transactions with the country. This pressure may have a significant impact on trade relations between Brazil and Russia, especially in the fuel sector.
Although Petrobras is not acquiring Russian diesel, the private sector, including large distributors, has increased its imports from this product. However, new sanctions may limit these purchases, which may result in an increase in fuel prices in Brazil. The situation requires attention, as decisions made in Europe can reverberate in the Brazilian market.
Posted by Felipe Dantas
*Report produced with the aid of AI
