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.
India is staring at an oil shock as U.S. sanctions on Russian crude loom
India is now staring at the possibility of an oil shock after the U.S. decided to implement sweeping sanctions on Russia's oil industry.
Oil Sanctions: Trump's Leverage in Ukraine-Russia Conflict?
The Trump administration is crafting a sanctions strategy aimed at achieving a Russia-Ukraine peace deal while maintaining pressure on Iran and Venezuela, but faces challenges due to Biden's existing sanctions and the complexities of the conflict.
Biden administration sanctions Russia’s oil giants and tanker fleet
The White House, now unconcerned about the effect on gas prices and inflation, blacklisted two of Russia’s biggest oil producers and nearly 200 tanker ships.
Bessent says he’ll seek tougher Russian oil sanctions if Trump asks
The Treasury secretary nominee supports tightening sanctions on the Russian oil sector “to levels that would bring the Russian Federation to the table.”
Why Biden’s Farewell Russian Oil Trade Sanctions Are a Big Deal
The US on Friday announced the most sweeping and aggressive sanctions yet on Russia’s oil trade, just ten days before Joe Biden leaves the White House to be replaced by Donald Trump as president. Most
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.
Trump administration plots tougher sanctions on Russian oil
The newly inaugurated President of the USA, Donald Trump, is laying the groundwork for a future agreement between Russia and Ukraine. The key mechanism is expected to be even stricter sanctions aimed at persuading Vladimir Putin to negotiate.
Trump team developing tougher sanctions on Russian oil — report
The overarching goal is to compel Russia to negotiate a peace deal with Ukraine. If Moscow signals willingness to agree to a ceasefire, the developing strategy envisages easing restrictions on Russian trade.
Exclusive-Russian fuel exports fall in 2024 as drone attacks, bans add to sanctions pressure
MOSCOW (Reuters) -Russian seaborne oil product exports fell by almost 10% in 2024 after Ukrainian drone attacks damaged major ...
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 ...
Trump treasury pick Scott Bessent calls for stronger Russia sanctions, Fed independence at confirmation panel
Scott Bessent, tapped by Donald Trump to be treasury secretary, faced sharp questions from Democrats and Republicans on tax ...
Tanker under US sanctions discharges oil at Chinese port, LSEG data shows
A tanker subject to the new U.S. sanctions is discharging Russian oil at a port operated by Shandong Port Group in east China ...
The Definitive Guide to Where the US Has Squeezed Russia’s Oil Flows the Hardest
The latest US sanctions on oil tankers used to haul Russian petroleum look set to cause severe disruption across the nation’s ...