“It is very difficult to make any payment to Russia as major European and international banks refuse to do the transfers, even if it is absolutely legal. The EU also banned Russian-registered trucks from carrying products in the EU, while major shipping lines like Maersk, MSC and CGM-CMA do not accept booking for Russian cargoes. Shipowners for bulk business are also refusing to take Russian cargoes.” – Varaksin said.Russian base oil exports are expected to drop by 30-50% by the end of this year because of the EU sanctions. The next year is not going to look much more optimistic. Legion Oil & Gas LLC is a Berlin based commodity trading company with a variety of products from different international producers. Legion Oil & Gas LLC’ team has been on the base oil market for more than 10 years. Apart from base oils, Our product portfolio consists of different raw materials for lubricants manufacturers like PAOs, viscosity modifiers, and additives. We also supply such products as petrolatum, petcoke, bitumen, biofuel feedstock, and others. To find out more about our products and get specifications please contact our sales department: info@legionoilandgas.com or fill in the form on our website.
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