The EU plans to propose reducing the price cap on Russian oil to the G7 nations as part of its 18th sanctions package. European Commissioner for Economic Affairs Valdis Dombrovskis did not specify the proposed reduction, but may suggest lowering the cap from the current $60 to $50 per barrel. Dombrovskis intends to fo... #ElinaValtonen #G7 #NordStream #RussianOil #RussianOilPriceLimit #SanctionsAgainstRussia #ValdisDombrovskis
Hungary and Slovakia have alternatives to Russian oil and gas, but they are increasing their dependency. Since Russia began its full-scale invasion of Ukraine, Hungary and Slovakia have sent €5.4B to Moscow for crude oil alone, a sum sufficient to fund 1,800 Iskander-M missiles. Despite sanctions exempti... #Hungary #MOL #RussianEnergyResources #RussianGas #RussianOil #Slovakia
Russian oil prices have fallen to a two-year low and are already 40% below the budget target. The Russian economy is showing a decline for the first time since 2022. The price of Russian oil in rubles has dropped below ₽4,000 per barrel for the first time in two years. This is approximately 40... #GDPrussia #Oilmining #OilPrices #OPEC #RussianEconomy #RussianOil
Trump will leave Putin unable to fund his war. The decline in oil prices, triggered by US President Donald Trump’s trade war, has started to deplete the Russian military budget, despite the US president’s simultaneous efforts to improve relations ... #DonaldTrump #RussianCentralBank #RussianEconomy #RussianOil #RussiaProfits #SanctionsAgainstRussia
The US has come up with a way to combat the Russian shadow fleet while also addressing its national debt through a single solution. A new bill has been introduced in the US aimed at tackling Russia’s shadow fleet of tankers that that are employed to transport oil, circumventing Western sanctions related to the war in Ukraine... #JoniErnst #OilTankers #RichardBlumenthal #RussianOil #SanctionsAgainstRussia #ShadowFleetRussia
Trump’s tariffs could severely impact Russia’s oil revenue. While Moscow has managed to evade US President Trump’s tariffs, the Russian budget will still endure consequences from Washington’s trade war. The Telegraph reports that a threat to Russia has emerged... #DutyTariff #GlobalEconomy #ImportDuties #RussianEconomy #RussianOil #TradeWar
Czechia spent €8.2B on Russian oil and gas last year despite the availability of alternatives. According to the CSD, the Czech Republic’s expenditure of over €8.2B on Russian hydrocarbons in the previous year is 500% greater than the aid it has provided to Ukraine since the onset of the full-sc... #Bulgaria #CzechRepublic #RussianEnergyResources #RussianGas #RussianOil #TALpipeline
OPEC+ increases its oil output as Russia sees a drop in hydrocarbon revenue. The OPEC+ countries – Saudi Arabia, Russia, Iraq, the UAE, Kuwait, Kazakhstan, Algeria, and Oman – have decided to raise oil production by 411,000 barrels per day in May. This decision is part of a gr... #Oilmining #OilPrices #OPEC #RussianOil
Trump threatens Russia with secondary sanctions if Putin does not agree to a ceasefire. During a meeting with reporters at the White House, US President Donald Trump stated that he does not rule out implementing secondary sanctions on countries that purchase Russian oil if Putin “d... #CeasefirePlan #DonaldTrump #PeaceAgreement #Putin #RussianOil #SanctionsAgainstRussia #SecondarySanctions
Trump is upset with Putin and threatens sanctions on Russian oil. President Donald Trump said he’s “pissed off” at Russian President Vladimir Putin and would consider “secondary tariffs” on Russian oil if a ceasefire with Ukraine cannot be re... #CeasefirePlan #DonaldTrump #PeaceTalks #RussianOil #SanctionsAgainstRussia #WarinUkraine
Russia’s European neighbors oppose resuming purchases of Russian energy. Any talk of a return to Russian oil and gas is premature and threatens Europe’s security interests, warn EU countries bordering Russia, amid growing speculation that a US-brokered peace deal cou... #Estonia #Finland #Lithuania #MarkRutte #RussianEnergyResources #RussianGas #RussianOil
The US has increased sanctions pressure on Russia by banning foreign companies from making payments for Russian energy resources. European countries can no longer buy oil from Russia. On March 12, the license that permitted Russian banks – such as Sberbank, Alfa-Bank, and the Russian Federation’s Central Bank – to conduct ... #DruzhbaPipeline #Gazprom #Germany #NordStream #RussianGas #RussianOil #SanctionsAgainstRussia
Russian oil worth $1.3B is stuck at sea on tankers due to US sanctions, as China and India refuse to buy. According to Bloomberg, Russian crude oil is trapped at sea because of sanctions imposed by the US in January. The value of the raw material being transported is $1.35B. Approximately 7.7 million barr... #India #OilTankers #RussianOil #SanctionsAgainstRussia #ShadowFleetRussia
The EU plans to cut energy imports by €45B by the end of the year. The European Commission is set to present a plan to support European industry, which is struggling with weak demand, cheap imports and higher energy costs than in the US and China. The initiative incl... #EnergyIndependence #EuropeanCommission #FossilFuels #RenewableEnergy #RussianOil
The EU is preparing to seize shadow tankers on a primary Russian oil export route. European nations are engaged in closed discussions centered on confiscating clandestine Russian oil tankers in the Baltic Sea, a key pathway for transporting Russian oil via aging vessels. Approximate... #BalticSeaPorts #OilTankers #RussianOil #SanctionsAgainstRussia #ShadowFleetRussia #Zelenskyy
Biden’s farewell sanctions have collapsed Russian oil prices. In the last days of his term, the Biden administration imposed strict sanctions against more than 180 Russian tankers, dozens of oil trading and insurance companies, and two production companies. Afte... #JoeBiden #OilRevenuesRussia #OilTankers #RussianOil #RussianOilPriceLimit #SanctionsAgainstRussia #ShadowFleetRussia
Russia has growing problems exporting its oil as the latest sanctions hit the “shadow fleet” hard. Russian tankers have used various tactics to circumvent restrictions and deliver Russian oil while concealing its source. But now the “shadow fleet” consisting of about 1,300 ships is face... #Oilexport #OilTankers #RussianOil #RussiaProfits #SanctionsAgainstRussia #ShadowFleetRussia
Russia will find itself on the verge of collapse if it loses China, a large oil customer. Trading in Russian oil for March loadings in Asia has stopped as China is faced with a wide price gap between buyers and sellers. This comes after tanker freight costs soared due to the latest round o... #China #India #OilTankers #RussianOil #SanctionsAgainstRussia #ShadowFleetRussia
Can a decline in oil prices end the Russian war against Ukraine? US Special Envoy for Ukraine and Russia Keith Kellogg believes that stopping Russian aggression against Ukraine will require a reduction in the price of oil to $45 per barrel. The President of the Str... #DonaldTrump #KeithKellogg #OPEC #RussianOil #RussianOilEmbargo #RussianOilPriceLimit #SanctionsAgainstRussia
Trump seeks to collapse oil prices and deprive Putin of resources to fund his war; Saudi Arabia and Russia have responded. Saudi Arabia’s Minister of Economy and Planning, Faisal Alibrahim, in response to US President Donald Trump’s call to reduce oil prices, noted that his country is focused on the oil market... #DonaldTrump #FaisalAlibrahim #Oilmining #OilPrices #Putin #RussianOil #SaudiArabia
Russia’s largest sponsor in its war against Ukraine bought a record amount of Russian oil but reduced its coal imports. China increased its crude oil imports from Russia in 2024 by 1% compared to 2023 to a record level. Imports from Russia amounted to 108.5 million tons, equivalent to 2.17 million barrels per day. Seab... #China #Oilexport #Russiancoal #RussianCrudeOil #RussianOil
The US has imposed restrictions on unfinished Russian oil tankers, and the EU has found a way to circumvent Hungary’s veto on Russian sanctions. Six Russian oil tankers being built at the Zvezda shipyard have been included in US sanctions among 183 total affected vessels. This is the first time tankers have been blacklisted before having set s... #Hungary #OilTankers #RussianOil #SanctionsAgainstRussia #VictorOrban
Tankers are anchored, and stocks are losing value: What is happening to the Russian oil industry after new US sanctions? At least 65 oil tankers have dropped anchor off the coast of China and Russia after the US announced a new package of sanctions. Data from ship tracking services show that five tankers have stopped mo... #Gazprom #MoscowExchange #OilTankers #Rosneft #RussianOil #SanctionsAgainstRussia
Negotiation leverage: New oil sanctions will cause billions in monthly losses for Russia. The White House stated that new restrictions imposed against Russia are “the most significant sanctions against its energy sector.” They will cost Russia billions of dollars every month, a... #China #India #JoeBiden #RussianOil #SanctionsAgainstRussia
Despite the shadow fleet, Russia is losing revenue from a key source of financing for its war in Ukraine. Russia’s oil export revenues fell by $1.1B to $14.6B in November 2024 due to lower oil prices and export volumes, according to a study by the KSE. In November, Russian crude oil exports by sea fell by... #circumventionOfSanctions #OilTankers #RussianOil #RussiaProfits #SanctionsAgainstRussia #ShadowFleetRussia
Six European countries have called on the G7 to lower the Russian oil price ceiling. Six EU countries have called on the European Commission to lower the price ceiling for Russian oil that has been set by the G7 countries. Measures aimed at reducing oil export revenues are crucial bec... #G7 #McFaulYermak #RussianOil #RussianOilPriceLimit #SanctionsAgainstRussia
China has banned Russia’s shadow fleet from entering major oil ports. China’s largest port operator, Shandong Port Group, has banned tankers under US sanctions from entering ports in Shandong province, home to many independent refineries that are the largest oil i... #China #OilRefineryRussia #OPEC #RussianOil #ShadowFleetRussia #ShandongPortGroup
The US is preparing new sanctions against Russia’s shadow fleet. The administration of US President Joe Biden plans to impose additional sanctions on tankers carrying Russian oil, Reuters writes. According to sources in the publication, the Biden administration pla... #RussianOil #RussianOilPriceLimit #SanctionsAgainstRussia #ShadowFleetRussia
To end the Russian war sooner, the West must tighten oil sanctions against Moscow. The administration of US President Joe Biden is considering tightening sanctions against Russia, in an attempt to reduce Russia’s ability to finance its military aggression, and creating the pre... #RussianOil #RussianOilPriceLimit #SanctionsAgainstRussia #SecondarySanctions #ShadowFleetRussia
Ukraine will cease the transit of Russian gas on January 1, but pro-Russian EU leaders have not given up hope for its continuation. Beginning January 1 2025, the Ukrainian GTS will be able to transport gas of Russian origin only at the request of the European Commission, Prime Minister Denys Shmyhal said. At the same time, accordi... #DenysShmyhal #DruzhbaPipeline #GasTransit #RobertFico #RussianGas #RussianOil #VictorOrban
Russia’s oil export revenue is growing, allowing it to finance its war in Ukraine. According to KSE analysis, in October 2024, Russia’s oil export revenue increased by $1.2B, to $15.6B. 85% of deliveries were made by shadow tankers, which allowed Russia to evade the price limi... #India #RussianOil #RussiaProfits #SanctionsAgainstRussia #ShadowFleetRussia #Turkey
Ukraine might receive less aid from the US after Trump’s inauguration, but Russia is also running out of money. US President-Elect Donald Trump said that he will try to end Russia’s war against Ukraine. At the same time, Ukraine will probably receive less aid after he takes office. Meanwhile, Russia may l... #DefenseSpendingRussia #DonaldTrump #MilitaryAidforUkraine #RussianEconomy #RussianOil #RussiaProfits
The EU continues to fuel the Russian economy by increasing fuel purchases from Russian oil in India. According to a report by the Center for the Study of Democracy (CSD), from January to August 2024 the EU bought almost 20% more fuel from three major Indian refineries that use Russian oil than last y... #India #IndianFuel #RussianEconomy #RussianOil #SanctionsAgainstRussia
The EU is working to deploy new sanctions against the Russian shadow fleet by the end of the year; current restrictions affect less than 50% of Russian oil exports. According to Bloomberg, the sanctions package, which the EU plans to approve by the end of the year, will also include sanctions against those involved in this trade. Member states are still negotiati... #AgroRussia #RussianLNG #RussianOil #SanctionsAgainstRussia #ShadowFleetRussia
The European Parliament will adopt a resolution on the struggle with the Russian shadow fleet. This week, the European Parliament is preparing to adopt a resolution calling for more “targeted” measures against the Russian Federation’s shadow fleet. Russia’s continued eva... #EnvironmentalPollution #EuropeanParliament #RussianOil #SanctionsAgainstRussia #ShadowFleetRussia
An oil mega-company: Putin seeks to preserve trade revenue to continue the war by strengthening control over global energy markets. The Kremlin is discussing the possibility of uniting Russia’s largest oil companies into one megastructure. This would entail Rosneft taking control of Lukoil and Gazpromneft. The deal would sig... #GazpromNeft #LukOil #Putin #Rosneft #RussianEconomy #RussianOil #RussiaProfits
Despite sanctions, the volume of Russia’s shadow fleet has increased by 70% in one year. According to KSE analyses, Moscow has increased the volume of its shadow fleet of oil tankers by almost 70% despite restrictions targeting insurers and shipping companies. The volume of Russian oil tr... #OilTankers #RussianOil #SanctionsAgainstRussia #ShadowFleetRussia
The transit of Russian oil through Ukraine increased by 37%, exceeding one million tons. The transit of Russian oil through the Ukrainian section of the Druzhba oil pipeline in September increased by 37% to 1.06 million tons. According to analysts, except for record volumes in July, the t... #DruzhbaPipeline #MOL #OilTransit #RussianOil
An ex-Russian government leader calls for increased support for Ukraine and suggests a way to leave Moscow without enough resources to continue the war. A drop in oil prices to $40 per barrel within a year would lead to Russia lacking funds to wage its war against Ukraine, said former Russian Prime Minister Mykhailo Kasyanov at the Warsaw Security For... #MykhailoKasyanov #RussianEconomy #RussianOil #RussiaProfits #SanctionsAgainstRussia #WarinUkraine #WarsawSecurityForum
Saudi Arabia threatens to collapse oil prices to $50, which will hit Russia’s profits. Saudi Arabia will collapse oil prices to $50 per barrel if OPEC+ member countries continue to violate production limits, the country’s oil minister, Abdelaziz bin Salman, warned during a confere... #Iraq #Kazakhstan #Oilmining #OilPrices #OPEC #RussianOil #SaudiArabia
Russia’s oil revenue faces further decline as Saudi Arabia plans to increase its oil production while Europe focuses on sanctions against Russian LNG. Saudi Arabia is ready to abandon its unofficial price target of $100 per barrel of oil as it prepares to increase production and protect market share, writes the FT. From December, Saudi Arabia will i... #Belgium #GreatBritain #Netherlands #Oilmining #RussianLNG #RussianOil #SanctionsAgainstRussia #SaudiArabia
The West finances the Russian military by increasing its purchases of fuel derived from Russian oil. In the first half of the year, the EU, the US, Britain, and other countries that support Ukraine bought fuel produced from Russian crude worth about $2B from Turkish refineries. Meanwhile, Turkey bene... #circumventionOfSanctions #FuelImport #OilRefinery #RussianOil #Turkey
Despite circumventing sanctions and increasing its oil sales, Russia has failed to increase profits. Russia, due to the introduction of a complex of sanctions targeting trading companies and the shadow tanker fleet, and despite an increase in sales by 15-20%, cannot increase the profits generated fro... #OilTankers #RussianOil #RussiaProfits #SanctionsAgainstRussia #ShadowFleetRussia
The Russian Academy of Sciences predicts the collapse of the aggressor state’s oil and gas economy. Russia will have to bid goodbye to its “energy superpower” status. Having lost access to Western technologies and key markets for the sale of raw materials, Russia will not be able to retu... #Gazprom #GDPrussia #HydroCarbonProduction #RussianEconomy #RussianGas #RussianOil
Ukraine has a plan to resolve the oil transit issue with Slovakia. Ukraine will guarantee the transit of oil from companies that are not subject to sanctions and is ready to settle the transit issue with Slovakia in accordance with the Association Agreement with the ... #DruzhbaPipeline #Hungary #LukOil #OilTransit #PeterSzijjártó #RussianOil #SanctionsAgainstRussia #Slovakia
Hungary and Slovakia’s position regarding Russian oil transit through Ukraine irritates the EU. In private conversations, EU diplomats have expressed irritation at Hungary and Slovakia’s intentions to use EU procedures to maintain their access to cheap Russian oil, contrary to the blocR... #DruzhbaPipeline #Hungary #LukOil #OilTransit #PeterSzijjártó #RobertFico #RussianOil #Slovnaft
Hungary is blackmailing Ukraine by blocking €6.5B in military aid due to the cessation of Russian oil transit to the EU. Hungary will block the €6.5B military aid financing program for Ukraine under the European Peace Fund until Ukraine resumes supplies of Russian oil to Hungary, Hungarian Foreign Minister Peter Szijjár... #EuropeanPeaceFund #Hungary #LukOil #OilTransit #PeterSzijjártó #RussianOil #Slovakia
The White House is in no hurry to increase pressure on the Russian shadow fleet due to a possible negative impact on the cost of energy carriers on the eve of the elections. Officials at the US Treasury Department have proposed new restrictions designed to halt a fleet of aging oil tankers that help transport Russian oil in defiance of international sanctions. However, as... #RussianOil #SanctionsAgainstRussia #ShadowFleetRussia #WhiteHouse
The Russian Federation’s economy is still far from a crisis, but if oil prices fall significantly, it will begin. This opinion was expressed by the Vice President of the Kyiv School of Economics, Elina Rybakova, who added that the Russian economy is overheated, but it is difficult to achieve a crisis if the West ... #OilEmbargo #RussianEconomy #RussianOil #RussianOilPriceLimit #SanctionsAgainstRussia #ShadowFleetRussia
How do Ukraine’s strikes on refineries affect the aggressor’s oil refining capacity and budget? In May, the Russian government’s subsidies to its gasoline producers increased to ₽202B ($2.5B), and the amount keeps growing. Russian authorities are forced to pay these costs to curb the rise ... #AttackOnRussia #OilRefineryRussia #RussianEconomy #RussianOil #RussiaOilRefineryDamages
