July was the fourth consecutive month of growth. In June, Western carriers accounted for the transportation of 34.4% of crude oil, according to data from Kommersant newspaper.
Greek carriers are the main among Western companies in the transportation of Russian oil. Analysts quoted by Russian press note that the average price for Urals crude oil transported to the Primorsk port (in the Baltic Sea) in July was $52.93, which is the lowest price in five months.
At the beginning of July, prices dropped to $39.7 per barrel. This allowed deals to be conducted within the maximum limit of $60 per barrel set by the United States, as well as within the limit of $44.1 per barrel imposed by the European Union, the United Kingdom, and Canada as sanctions against Russia after the start of the war in Ukraine in 2022.
According to Kommersant, maritime exports of Russian oil reached 4.3 million barrels per day in July. This is 7% less than in June, but 26% more than in the same month last year. This figure represents the second largest monthly export volume in 2026.
Exports to China increased by 18% compared to June and by 12% year-on-year, reaching 1.01 million barrels per day. At the same time, exports to India decreased by 58% compared to June and by 39% compared to July 2025, amounting to 994,000 barrels per day.
Nevertheless, exports of Russian oil to Singapore more than doubled in July compared to June, reaching 456,000 barrels per day.


