Russian exports fell almost 30% in a year, and US sanctions have blocked their tanker fleet. According to Reuters, the total volume of Russian exports decreased by 28.3% to $425.1B. The most noticeable drop was in European supplies, which was by 68% to $84.9B. On the other hand, exports to As... #OilEmbargo #Russiaexport #RussianEconomy #RussianOil #SanctionsAgainstRussia
Sanctions are not an obstacle: Russia exports oil products to the EU through Turkey. Before the full-scale war in Ukraine started, the Turkish Dörtyol oil terminal received Iraqi oil and transferred it to tankers. However, since the first sanctions against Russia began to affect the e... #DörtyolOilTerminal #OilEmbargo #RussianOil #SanctionsAgainstRussia
Sanctions and drones have finally reached the Kremlin’s oil and gas revenues. The Rosneft Tuapse Oil Refinery stopped processing oil and as well as the production of petroleum products following an attack by Ukrainian drones. This is Russia’s only oil refinery on the Black Sea ... #DroneAttacksOnRussia #Rosneft #RussianOil #SanctionsAgainstRussia #TuapseOilRefinery
Ukrainian drones can interfere with Russian oil exports through the Baltic Sea. A new front has opened in Putin’s war against Ukraine, which emphasizes the vulnerability of oil exports from the Russian Federation’s western ports. New drone attacks are being performed on obj... #DroneAttacksOnRussia #Novatek #RussianOil #UkrainianDrone #WarinUkraine
The EU is preparing its 13th package of anti-Russian sanctions but keeps buying Russian oil through India. The European Commission will begin negotiations with EU countries on the introduction of the 13th package of sanctions against Russia, which are planned to be adopted by the second anniversary of the ... #LukOil #RussianOil #RussianOilExport #SanctionsAgainstRussia
Resources from the Russian Federation account for only 6.5% of energy purchases by the EU. According to Eurostat, in the third quarter of 2022, Russia accounted for 14.5% of all energy imports to the EU, and in the third quarter of 2023, this figure decreased to 6.5%. In the third quarter, ... #EUenergyimport #EUEnergyindependence #RussianEnergyResources #RussianGas #RussianOil
Russian gas exporters’ profit decreased by three times, while Turkey saved $2B thanks to Russian oil. According to the results from January – November, Russian gas export turnover fell by three times, the Federal Customs Service of Russia reported. Gas supplies decreased in value by 69%, and in ... #RussianGas #RussianOil #RussiaProfits #SanctionsAgainstRussia
How are restrictions against Russian oil working one year after implementation? After Russia’s full-scale invasion, the gray fleet has accounted for more than half of Russia’s oil exports for the first time. The gray fleet helped Moscow survive the shock of Western sanction... #RussianOil #RussianOilEmbargo #SanctionsAgainstRussia #ShadowFleetRussia
The West has found a way to combat Russia’s circumvention of the oil price ceiling: Denmark will block tankers, and the US will focus on controlling shipping companies. The EU plans to instruct Denmark to check the availability of Western insurance and possibly block the passage of Russian oil tankers through its waters. This is part of the West’s efforts to reestabl... #circumventionOfSanctions #RussianOil #RussianOilPriceLimit #SanctionsAgainstRussia
The EU will approve the 12th sanctions package against the Russian Federation on November 15. Work on the 12th package of Russian sanctions is ending, the EU’s high representative for foreign policy, Josep Borrell, said. “This package will contain a larger list (of personal sanctio... #JosepBorrell #Russiandiamonds #RussianOil #SanctionsAgainstRussia
Russia uses Western sanctions to obtain excess profits from the sale of oil. Tax revenues from oil and gas to the Russian budget in October increased by more than 100% compared to September and more than 25% compared to October last year, reported the WSJ. This is a sharp turn... #RussianOil #RussianOilPriceLimit #RussianOilSanctions #RussiaProfits
Russian oil still finds its way to Germany, while the country seeks to replace Russian gas with Ukrainian biomethane. Following the attack on Ukraine, EU oil operations with Russia were prohibited. However, according to Süddeutsche Zeitung, although Russian oil can no longer be imported into Germany, the country̵... #biomethaneproduction #gascrises #Rosneft #RosneftDeutschland #RussianGas #RussianOil
Moscow still receives huge revenues from energy exports, despite restrictions from the West. Russia is still selling its oil at much higher prices than the $60 per barrel mandated by the G7 countries due to strong demand from China and India, Politico writes. It is noted that the West’s... #Oilexport #RussianOil #RussianOilPriceLimit #SanctionsAgainstRussia
Russia is successfully bypassing the G7 oil price cap and boosting its export revenues. In August, almost 75% of all seaborne oil shipments from Russia were carried out without Western insurance, compared to about 50% this spring. The rise means Russia is increasingly adapting to circumv... #circumventionOfSanctions #RussianOil #RussianOilExport #RussianOilPriceLimit #SanctionsAgainstRussia
Russia’s income from oil sales has increased to its highest point since October 2022. According to the International Energy Agency (IEA), in August 2023 Russia’s revenues from oil exports increased by $1.8B to $17.1B due to an increase in oil prices, which more than compensated f... #OilImport #OilPrices #RussianEconomy #RussianOil #RussianOilPriceLimit
Germany has increased the import of Russian oil through India by 1,100%. As Spiegel writes, against the backdrop of massive anti-Russian sanctions, Germany imports large volumes of Russian oil through India. Germany mainly imports oil from India, which is used to produce d... #circumventionOfSanctions #OilImport #OilIndia #RussianOil #RussianOilSanctions
The US State Department: Russian oil price cap is working effectively. State Department representative Eric van Nostrand said that the $60 per barrel price limit for purchasing Russian oil introduced by the G7 countries and their allies continues to work despite quotatio... #EricVanNostrand #RussianOil #RussianOilPriceLimit #RussianOilSanctions #SanctionsAgainstRussia
Oil prices have hit a nine-month high. As Trading Economics writes, WTI oil rose above $85 per barrel amid expectations that the leaders of the OPEC+ countries will continue to cut oil production. The Deputy Prime Minister of the Russian F... #OilPrices #OilProduction #OPEC #RussianOil
A loophole in the oil price ceiling allows the Russian Federation to earn billions. Inflated transportation costs allow Russian companies to make much more from selling crude oil to India than previously recognized. According to the FT, these cost overstatements could bring in more t... #circumventionOfSanctions #RussianOil #RussianOilPriceCeiling
Hungary wants to keep buying Russian oil products for its oil refiner, Slovnaft. Hungary plans to ask the EU for a one-year extension of the sanctions exemption for oil refiner Slovnaft, allowing it to export products made from Russian oil to Czechia, said Péter Szijjártó, Ministe... #MOL #PeterSijarto #RussianOil #Slovnaft #ZsoltHernadi
The EU has adopted the eleventh package of sanctions against Russia in response to the war against Ukraine. According to the new sanctions package, the EU will expand cooperation with third countries to prevent sanctions circumvention. If the efforts do not achieve the desired result, the European Council m... #circumventionOfSanctions #DruzhbaPipeline #RussianOil #RussianOilSanctions #SanctionsAgainstRussia
Ukraine demands a further reduction in the Russian oil price ceiling. According to the Ministry of Economy, last year Russia’s oil and gas exports amounted to $349B, and this year it will receive about $173B following the implementation of the embargo and price ce... #RussianOil #RussianOilEmbargo #RussianOilPriceLimit #SanctionsAgainstRussia
Borrell insists on blocking the import of Indian fuel produced from Russian oil. In an interview with the FT, the EU High Representative for Foreign Policy, Josep Borrell, called such supplies circumventing sanctions, and the EU member states should take measures. Last year India ... #circumventionOfSanctions #IndianFuel #JosepBorrell #RussianOil #SanctionsAgainstRussia
The Czech Republic has found an Italian replacement for the Russian Druzhba pipeline. Czech pipeline operator Mero has reached an agreement with its shareholders to expand the Transalpine Oil Pipeline (TAL), Czech Prime Minister Petr Fiala announced. They want to complete the project i... #DruzhbaPipeline #Mero #PetrFiala #RussianOil #TransalpineOilPipeline
The G7 is preparing a strike against the Russian Federation’s shadow fleet. According to the FT, the G7 countries want to solve the issue of manipulation of tanker transponders that are turned off while at sea or do not transmit data about their destination ports. Using these... #G7 #RussianOil #RussianOilEmbargo #SanctionsAgainstRussia #ShadowFleetRussia
Ukraine plans to increase the transit fee of Russian oil by another 50%. According to Russian media, Ukrtransnafta is planning a two-stage increase in the tariff for the transit of Russian oil through the Druzhba oil pipeline. From June 1, the rate for transit will increas... #DruzhbaPipeline #RussianOil #RussianOilTransitTariff #Transneft #Ukrtransnafta
The shadow fleet for Russian oil is replenished with dozens of tankers every month. The number of ships involved amounts to approximately 25-35 every month. According to CNN, approximately 600 tankers (10% of the global market) are generally used to transport Russian oil. Experts div... #RussianOil #RussianOilExport #ShadowFleetRussia
The US and its allies agreed to introduce two ceiling prices for Russian oil products. Deputy Secretary of the Treasury Wally Adeyemo met virtually with Deputy Ministers representing the global coalition of countries imposing a price cap on seaborne Russian crude oil (the Price Cap Coal... #RussianOil #RussianOilPriceLimit #SanctionsAgainstRussia #WallyAdeyemo
The EU reduced the supply of Russian oil by 90%. As a result of the reduction in oil imports the Russian Federation’s profits have decreased, said Matti Maasikas, the EU ambassador to Ukraine. He recalled that after Russia’s full-scale i... #RussianOil #RussianOilPriceLimit #SanctionsAgainstRussia
Prices for Russian oil fall below the proposed price caps. According to Bloomberg, prices for Urals oil at the end of last week fell to $51.96 per barrel in the port of Primorsk on the Baltic Sea. The oil price in Novorossiysk in the Black Sea also fell to a ... #RussianOil #RussianOilPriceLimit
The new package of EU sanctions will not set a Russian oil price limit. In the eighth package of European Union sanctions against Russia, there will probably be no limit on the prices of Russian oil, reported Radio Svoboda. Because the G7 is still working out the details ... #anti_Russiansanctions #EUsanctionsforRussia #RussianOil
The EU is preparing the eighth package of sanctions against the Russian Federation. In the eighth sanctions package, the European Commission will discuss a plan to limit prices for Russian oil, which the G7 countries are trying to introduce. According to Politico, on September 23, re... #anti_Russiansanctions #EuropeanCommission #EUsanctionsforRussia #RussianOil
The US, Norway, and Kazakhstan will replace Russia on the EU oil market after the embargo. After the introduction of the embargo, the EU will need to replace an additional 1.4 million barrels of Russian oil. At the same time, about 300,000 barrels per day can potentially come from the US, a... #EUOilMarket #OilEmbargo #RussianOil
The G7 has agreed on a mechanism to limit Russian oil prices. On September 2, the finance ministers of the Big Seven countries (Great Britain, Germany, Italy, Canada, France, Japan, and the US) confirmed their intention to limit the price of Russian oil. The Min... #G7 #OilEmbargo #RussianOil
The G7 plans to present a plan to cap Russian oil prices. On September 2, the finance ministers of the G7 countries will reach an agreement and present a plan for setting maximum prices for Russian oil at a virtual meeting, the WSJ writes. According to the p... #anti_Russiansanctions #OilEmbargo #RussianOil
The US is developing a plan to reduce Russia’s income from oil exports. According to Bloomberg, the United States is developing a plan to limit the Kremlin’s oil export income by setting maximum prices for Russian resources. US officials are concerned that EU sancti... #Oilexport #RussianOil
Russia’s war machine is still making plenty of cash from il exports. An increase in the rate of export duty charged on crude oil shipped out of Russia in July has helped the Kremlin to ride out a slump in revenue inflow in the first full week of the month. Duty rates ... #RussianAgression #RussianOil #RussianOilExport
The G7 group might impose tariffs on Russian oil as an alternative to an embargo. Representatives of the US Treasury Department, at a meeting of G7 finance ministers, will propose that the EU introduce tariffs on Russian oil as a faster alternative to a direct oil embargo. The US ... #G7 #OilEmbargo #RussianOil #Sanctions
Germany accuses Russia of using energy as a weapon. German Vice-Chancellor and Economy Minister Robert Habeck accused Russia on Thursday of using energy “as a weapon,” following an announcement by the Russian government on Wednesday to impo... #Germany #RobertHabeck #RussianAgression #RussianOil
Japan will impose an oil embargo on Russia. After Sunday’s online meeting of G7 leaders, Japanese Prime Minister Fumio Kishida said that Japan would impose a ban on Russian crude imports as part of the G7’s decision to counter Russi... #FumioKishida #JapanOilEmbargo #OilEmbargo #RussianOil
How much will it cost Europe to give up Russian oil? For the European Union, abandoning Russian hydrocarbons is a matter of political will, not survival. The embargo on Russian oil will cost about €100 for each adult European, as stated on nv.ua by E... #EUenergy #HermanGalushchenko #RussianOil
The head of the European Council is convinced that the EU will agree on oil sanctions against Russia. European Council President Charles Michel is confident that the European Union will impose sanctions on Russia’s oil sector. He said the EU would end its dependence on Russian energy and that n... #CharlesMichel #EUsanctions #EUsanctionsPackage #RussianOil
The EU might abandon Russian oil by the end of the year. The European Union intends to propose a ban on Russian crude by the end of the year and gradually impose restrictions on imports. According to Bloomberg, the EU will also insist on disconnecting more ... #EUbanRussianOil #EUsanctions #RussianOil #WarinUkraine
Russia’s revenues from energy sales to EU countries almost doubled. Since the beginning of the full-scale invasion of Ukraine, Russia’s revenues from the sale of fossil fuels to EU countries have almost doubled, reported the Finnish Center for Energy and Clean ... #RussianAgression #RussianEnergy #RussianOil #RussiaProfits
The European Union fails to agree on the Russian energy embargo. The European Union fails to agree on the Russian energy embargo. #EUsanctions #JosepBorrell #OilEmbargo #RussianOil
The EU expects the sixth package of sanctions against Russia this week. The EU expects the sixth package of sanctions against Russia this week. #RussianOil #RussianOilEmbargo #Sanctions #WarinUkraine
Germany will abandon Russian oil imports by the end of 2022, and then gas. Germany will halve Russian oil imports #AnnalenaBaerbock #Germany #RussianOil
Russia’s oil companies are losing profits due to export difficulties. The Head of the Office of the President of Ukraine, Andriy Yermak, said that Russian companies’ average daily volume of oil refining decreased by 6% in the first half of April. According to Reut... #BanRussianOil #Oil #RussianOil
Russia faces a significant oil production decrease due to sanctions . The International Energy Agency (IEA) predicts that the fall in oil production in Russia due to sanctions in April will be 1.5 million barrels per day and rise to 3 million barrels per day the follo... #OilEmbargo #RussianOil #RussianOilBan
The US Congress has approved an embargo on energy from Russia. The US Congress has voted to tighten sanctions against Russia, backing an embargo on Russian energy and depriving Russia of its trading partner status, reported Reuters. The Senate unanimously voted ... #BanonrussianOIl #Embargo #RussianOil #UScongress
