Russia has exported to Asia, a record volume of oil

Russian oil exports to Asia exceeded 30% of the total - it is more than 1.2 million barrels per day. As analysts and traders, the highest figure in history. In 2012, according to the International Energy Agency, this region accounted for about 20% of oil exports from Russia. At the same time, pipeline supplies to Europe have fallen from a peak of 3.72 million barrels. a day to less than 3 million barrels. per day in July.

Most Russian oil has gone to China, and supply will increase, as Russia plans to strengthen ties with the region, in response to heightened tensions with Europe. Although the price of oil is slightly higher benchmark in Dubai, Russian oil supplies to Asian customers benefit: it is closer and helps to reduce dependence on oil from the Middle East. The impact of sanctions on gas supplies remains uncertain, and the power company concerned about the high risks. After signing a contract for the supply of gas from Russia to China to $ 400 billion still require some work on the construction of the pipeline and field development.

"They are really in the middle of the way to increase the supply to Asia", - said the head of the energy consulting firm JBC Energy Johannes Benigni.

US and EU sanctions include a ban on the supply of Russian high-tech equipment, so the greatest benefit from the increase in oil supplies to Asia will be able to extract the Chinese Honghua Group - one of the world's largest manufacturers of drilling equipment. On Russia already accounts for 12% of its revenue.

"Honghua rigs can provide the same quality as the Western, with a discount of 20% as well as a cheaper and faster delivery"- says the analyst Gordon Kaunos from Nomura.

Western sanctions are also aimed against the United Shipbuilding Corporation to work with the Russian Navy. USC is trying to enter the lucrative market of building LNG carriers, which is dominated by the strong Japanese and Korean companies. Analysts say that USC can be competitive in this market in the long term thanks to the support of the government. But while USC has no facilities for the construction of LNG carriers, and sanctions that prohibit the export of equipment and technology to restrict access to financing will enable Asian shipbuilders to defend its market share. South Korean DSME, in particular, benefit more from sanctions than the US shipbuilders: it is building tankers that can go to the Arctic.