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Brazil’s imports of Russian oil products soar

Brasília says surge in purchases of diesel and fuel oil ‘influenced by multiple factors’ amid ongoing war in Ukraine

Brazilian imports of diesel from Russia last year soared 4,600 per cent while purchases of fuel oil rose by almost 400 per cent, in a $8.6bn boost to the Russian economy as the war in Ukraine enters its third year.

Brasília imported 6.1mn tonnes of diesel from Russia in 2023, a 6,000 per cent increase from the 101,000 tonnes the previous year. The value in dollar terms increased 4,600 per cent from $95mn to $4.5bn, according to official government figures.

The Latin American nation also increased its purchases of fuel oil from Russia, with imports growing to $5.3bn last year from $1.1bn the previous year.

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