European importers have been avoiding crude oil shipped from Russia, as a response to the invasion of Ukraine. This has driven a rather remarkable switch in the direction of Russian crude oil flows towards Asia, mostly India and China. Assuming the Continent will fully avoid Russian seaborne flows at some point, this would affect average .
The international trade of the seemingly endless supply of goods that enable globalization is entirely dependent on the physical transport of those goods. Despite ambitious ongoing climate goals by various organizations to push the industry towards Net Zero in the coming decades, the modern transportation industry is still heavily dependent on fossil fuels. This dependency .