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Tankers carrying Russian oil stuck idling off Chinese coast after new U.S. sanctions — Bloomberg
Manage episode 460868044 series 3381925
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Three ships carrying over two million barrels of Russian oil are currently idling off China’s eastern coast after apparently being denied permission to dock by the port management company in response to new U.S. sanctions, Bloomberg reports.
At the same time, according to The Bell, the sanctioned gas carrier Cool Rover, which is transporting liquefied natural gas from Gazprom, is anchored off Spain’s coast.
The latest sanctions from Washington target Gazprom Neft, Surgutneftegas, the Russian oil carrier Sovcomflot, and insurance companies Ingosstrakh and AlfaStrakhovanie. They also extend to vessels from Russia's "shadow fleet," which are used to transport oil purchased above the G7-imposed price cap of $60 per barrel.
Russia’s shadow fleet
- Finland upholds seizure of potential Russian ‘shadow fleet’ tanker suspected of damaging undersea cables
- Finland boards and seizes likely Russian ‘shadow fleet’ tanker suspected of damaging power and communications cables in Baltic Sea
- A long shadow How Russia uses a covert fleet of ships to ferry oil around the globe and what the West is doing to stop it
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