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.
How US sanctions on Russia shadow fleet may impact India oil imports
The latest sanctions package would certainly have an impact on India’s oil imports, given Russia is currently the biggest crude oil source market for India. How it would really pan out would be contingent upon various variables.
India, Space Docking
The move underscores the importance of protecting the Indian Ocean region through which 95% of the country's trade moves amid ...
The world, including India, is watching closely as Donald Trump is set to take the oath as the next US president on January ...
Global thermal coal prices have retreated from record highs hit after Russia's 2022 invasion of Ukraine, but are 50 per cent ...
China’s imports of Russian crude have been more badly affected than India’s due to the uneven distribution of US sanctions, ...
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