EU could ban some Russian fuel oil imports six months ahead of deadline

The European Union could ban the import and transit of some fuel oil from Russia around six months ahead of the planned deadline, an EU official and four traders told Reuters. 

The EU has been reducing imports of Russian oil products since March, after Moscow sent thousands of troops into Ukraine, and agreed on a full ban from February 2023.

However, the import and transit of Russian coal are being stopped sooner - from Aug. 10, and technically may include fuel oil.

EU bans are based on so-called Combined Nomenclature (CN) codes used by customs. One of the codes being used for the coal ban is 2707, which also refers to: "Oils and other products of the distillation of high-temperature coal tar; similar products in which the weight of the aromatic constituents exceeds that of the non-aromatic constituents".

The customs code is declared by the exporter of the product.

Normally, oil products refined from crude oil have a different CN code – 2710. However, fuel oil contains aromatics that almost always exceed 50%.

Some oil products not produced from coal distillation could also be classified under code 2707 if they have chemical similarities, an EU official told Reuters, asking not to be named because of restrictions in talking to the media.

Two traders involved in Russian fuel oil trading said the potentially affected volumes would not be large.