Shares of Russian oil companies fell sharply on the Moscow Stock Exchange in anticipation of sanctions by the Biden administration, which may include tankers of the "shadow" fleet, as well as insurance companies servicing the sale of Russian barrels. About this write The Moscow Times.
The shares of Surgunaftogaz fell by 2,3%, Gazprom Nafta by 2,5%, and Rosneft by 2%.
In sum, three companies that provide two-thirds of all oil production in the Russian Federation lost almost 200 billion rubles of capitalization, or $1,95 billion in less than 6 hours of trading.
There are rumors in the market that Gazprom Neft and Surguneftegaz, the third and fourth largest oil producers in Russia, will also be included in the new US sanctions package.
The US authorities may increase pressure on the so-called shadow fleet, which allows Russia to sell oil above the price of $60 per barrel.
In anticipation of new restrictions against Russian oil, its last major buyers — India and China — began to switch to supplies from the Middle East and Africa.
It will be recalled that the Office of the Control of Foreign Assets of the US Treasury Department imposed sanctions against the two largest oil companies of the Russian Federation, Gazprom Neft and Surgutneftegaz, as well as ship insurance providers Ingosstrakh and Alfastrahovanie. reported in the US Treasury Department.
Sanction measures also include adding to the black list 183 ships of the "shadow fleet" involved in the export of energy resources from Russia.
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