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.
The move underscores the importance of protecting the Indian Ocean region through which 95% of the country's trade moves amid ...
While India may be off the unrestricted list for now, analysts say its growing technological cooperation with the U.S. may ...
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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