Highlights About half of Russian crude, products sold to Europe Ukraine pipeline transit seen as biggest risk Major supply disruptions seen as unlikely European oil markets and refiners are the most exposed to potential tougher Western financial sanctions or pipeline interruptions likely to follow a possible Russian invasion of Ukraine, according to data analyzed by S&P Global Platts. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now About half of Russia’s crude and oil product exports — currently at around 6.5 million b/d — are sent to European countries where they account for roughly a quarter of total oil and product imports, according to EU data, Russian statistics, and the Joint Organizations Data Initiative. The Druzhba, or ‘friendship’, pipeline system moves around 1 million b/d of crude from Russian fields to Europe, mostly to refineries in Germany, the Netherlands and Poland. So far, the […]