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Oil Tankers U-Turn and Buyers Go Elsewhere
Oil Tankers U-Turn and Buyers Go Elsewhere as Russia Sanctions Bite
On Jan. 10 the US Treasury’s Office of Foreign Assets Control sanctioned 161 tankers and traders involved in about 2,000 shipments since the invasion began. It also acted against Moscow-based ship insurers and two companies — Surgutneftgas and Gazpromneft — which in the first 10 months of last year accounted for almost 30% of Russia’s oil exports.
U.S. sanctions on Russia hit oil freight rates
On Jan. 10, the U.S. Treasury announced fresh measures to deplete Russia's energy revenues, including on 183 vessels, largely oil tankers.
Russia faces higher costs on sea-borne oil exports due to new US sanctions
Sweeping U.S. sanctions on Russia's oil industry will make it more expensive for Moscow to sell its oil and complicate sea-borne crude exports due to restrictions on tankers, analysts and traders said on Monday.
23h
on MSN
Ratcheting up sanctions on Russian oil may be the key to Trump's plan to end the war in Ukraine
"I will be 100% on board with taking sanctions up," Treasury Secretary-pick Scott Bessent told lawmakers on Thursday.
2d
on MSN
Trump Team Readies Oil Sanctions Plan for Russia Deal, Iran Squeeze
Advisers to President-elect Donald Trump are crafting a wide-ranging sanctions strategy to facilitate a Russia-Ukraine ...
3d
Indian Oil Corp issues sour crude tender after latest Russia sanctions, sources say
Indian Oil Corp (IOC) is seeking high-sulphur oil from the spot market in its first sour crude import tender since March 2022 ...
5d
Oil Could Hit $90, Goldman Sachs Says: 'Trump May Not Ease Sanctions' On Russia
Goldman Sachs is warning of potential upside risks to oil prices following U.S. sanctions on Russia's energy sector, with ...
1d
on MSN
Russia is escalating its dangerous shadow war against NATO, and there are fears it could get a lot worse
Russia is believed to be behind dozens of hybrid attacks, like arson or sabotage, on NATO soil since the Ukraine war started.
2d
Trump’s Russia sanction plan to take cue from global oil markets, treasury pick Bessent drops hint
A more aggressive approach to Russian sanctions could involve stricter enforcement of secondary measures, targeting European ...
2d
on MSN
No convictions for breaching sanctions on Russia
Financial sanctions on Russia were introduced following the annexation of Crimea in 2014 and the wider invasion of Ukraine in ...
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