Economy

US sanctions blocked 14 Russian tankers

USA

14 tankers loaded with 10 million barrels of Russian Sokil crude oil got stuck near the coast of South Korea. They have not yet been sold due to US sanctions. About this the Reuters.


Difficulty selling Sokil oil is one of the most serious problems Russia has faced since the West imposed sanctions, and one of the most serious disruptions in Russian oil exports in two years.

The US has said it wants the sanctions to reduce the Kremlin's and its war machine's income, but not disrupt the flow of Russian energy to world markets. Last year, the United States imposed sanctions on several ships and companies involved in the transportation of oil.

As of Friday, January 26, 14 ships carrying oil were stuck in the South Korean port of Yeosu. The supertankers La Balena, Nireta and Nellis, with about 3,2 million barrels on board, are currently off Yeosu, South Korea, and are acting as floating storage facilities for Russian crude oil.

The other part, shipped from November to January, is stored on smaller vessels of the Aframax type (with a capacity of 500-000 barrels).

Russian oil shipments to the Indian Oil Corporation have been delayed due to payment problems, forcing India's largest oil refinery to use its reserves and buy more oil in the Middle East.

The company does not expect to receive any shipments from Russia in the near future, due to disagreements over which currency will be used for payment.

Earlier, the US Treasury sent letters warning of prison terms in case of violation of the price ceiling for Russian oil to 30 companies that control up to a hundred oil tankers.

To always be aware of the most important things, read us at Telegram

Comments

Recent ones

The most relevant news and analytical materials, exclusive interviews with the elite of Ukraine and the world, analysis of political, economic and social processes in the country and abroad.

We are on the map

Contact Us

01011, Kyiv, str. Rybalska, 2

Phone: +38-093-928-22-37

Copyright © 2020. ELITEXPERT GROUP

To Top