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Russia, US sanctions
Russian oil freight rates soar on sanctions-driven tanker shortage
Freight rates for Russian ESPO Blend oil loading from the Far Eastern port of Kozmino have jumped fivefold amid a lack of vessels after fresh U.S. sanctions cut availability of tankers, three traders said and data showed.
US sanctions drive up freight costs for Russian ESPO blend oil
Data and trader insights reveal that freight rates for Russian ESPO Blend oil from the Far Eastern port of Kozmino have surged fivefold, according to a Reuters report. This increase is attributed to a scarcity of vessels following new US sanctions that have reduced tanker availability in the market.
Russia's Baltic Oil Shipments Drop 10% After EU sanctions
EU sanctions and new US measures have led to a decline in Russian oil shipments via the Baltic Sea, impacting the shadow fleet and raising concerns about the condition of vessels operating in the region.
Middlemen Have Halted Russian Oil Cargo Offers After US Sanctions, Indian Refiner Says
Middlemen supplying Russian oil are not offering cargoes due to new U.S. sanctions targeting Russian producers, tankers and insurers, according to the finance chief at Indian refiner Bharat Petroleum.
Why Indian refiners can’t access Russian oil cargoes
The recent implementation of new US sanctions targeting Russian oil producers, tankers, and insurers has created a disruption in the supply chain. Middlemen who were previously involved in supplying Russian oil to Indian refiners,
Hosted on MSN
10d
Gazprom faces drastic layoffs amid sanctions and losses
Russian media have published the contents of a letter sent to Gazprom's head by its vice president, Elena Ilyukhina. In the ...
13d
on MSN
Biden admin imposes harsh sanctions on Russian oil industry to cut off funding for Ukraine war effort
The Biden administration on Friday targeted Russia’s energy sector, including its oil industry, with some of its harshest ...
13d
Britain sanctions Russia's Gazprom Neft, Surgutneftegaz
Britain imposed new sanctions on Russian oil majors Gazprom Neft and Surgutneftegaz SNGS.MM on Friday, in a move co-ordinated ...
10d
on MSN
Gazprom, Russia's energy giant, is discussing a 40% cut to its HQ staff as the war keeps Moscow cut off from Western customers
Gazprom's board is proposing that about 1,600 managers and administrators be cut from its headquarters at St. Petersburg, ...
JD Supra
11h
Russia’s Energy, Financial and Defense Sectors Are the Focus of the Last Round of Sanctions Under Biden
In the days before former President Joe Biden left office, the U.S. announced two new rounds of sanctions against Russia, including expansive ...
Khaleej Times on MSN
11d
US, UK unveil widespread sanctions against Russia's energy sector
The United States and Britain on Friday announced sanctions against Russia's energy sector, including oil giant Gazprom Neft, ...
6d
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.
Kyiv Independent on MSN
7d
How Trump could use sanctions in negotiations with Russia
In the run-up to his departure from the White House, President Joe Biden has slapped a number of major new sanctions on ...
20h
Bloomberg: Chinese "samovars" are ready to close due to sanctions on Russian oil
Private and independent refineries in the Chinese province of Shandong are experiencing a crisis due to new US sanctions on ...
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