Sponsorizzato

Tankers carrying 5 million barrels of Russian oil fail to reach India

0
3K

Six vessels carrying almost 5 million barrels of Russian oil failed to reach their destinations in India, some idling kilometers off the coast for weeks without providing a reason, Bloomberg reported on Dec. 20.

Recent U.S. sanctions targeting the violators of the $60-per-barrel price cap could partially be the reason, the news outlet speculated.

The U.S. Treasury Department sanctioned the NS Century ship, belonging to the Russian Sovcomflot shipping company, on Nov. 16 for violating the price cap.

Two days later, the vessel halted south of Sri Lanka while carrying Russian oil to the Indian port of Vadinar.

In the past week, NS Century was later reportedly joined by two other Sovcomflot-owned tankers carrying oil to Vadinar.

Two more tankers heading to another Indian port, Paradip, also came to a sudden stop before reaching their destinations, and another ship may soon join them, according to Bloomberg.

Five of the listed vessels belong to Sovcomflot.

Both the U.S. and the EU began ramping up sanctions to enforce the price cap on Russian seaborne crude. The measure was imposed last year to limit Moscow's oil revenue without destabilizing global markets.

Although Russia managed to largely avoid the cap in recent months by using a fleet of uninsured "ghost" tankers, Russian oil and gas profits dropped by 41% in 2023 amid tightening sanctions.

With the West weaning itself off Russian oil, Moscow turned to new markets like China and India, offering discount prices.

India is an especially important customer for Russia, as it has been buying more than 60% of Russia's seaborne oil, making it the second buyer of Russian seaborne crude after China.

Sponsorizzato
Cerca
Sponsorizzato
Categorie
Leggi tutto
Altre informazioni
White TNs: The Ultimate Staple in Every Sneakerhead’s Rotation
When it comes to versatility, freshness, and effortless style, White TNs reign supreme in the...
By hectickixss12 2025-07-10 10:44:19 0 508
Health
Omegaextrax: Premium Kratom and Cannabinoid Blends
In the expanding world of natural supplements, Omegaextrax stands as a leader in advanced kratom...
By Ohplus709 2025-06-16 20:46:19 0 721
Altre informazioni
Blepharoplasty Market Size, Share, Growth, Trends and Forecast to 2032 | UnivDatos
According to the UnivDatos Market Insights Analysis, the surge in the elderly population and the...
By ahasanumi 2025-01-24 11:52:48 0 1K
News
How To Store Big Data | Best Big Data Storage Solutions – One Union Times
Understanding how to store big data is critical for green data management. One Union Times...
By oneuniontimes 2025-03-11 04:45:53 0 1K
Altre informazioni
Turkey's president submits protocol for Sweden's admission into NATO to parliament for ratification
Turkish President Recep Tayyip Erdogan has submitted a protocol for Sweden’s admission...
By Ikeji 2023-10-23 15:28:44 0 3K
Sponsorizzato
google-site-verification: google037b30823fc02426.html