Russian Oil Tankers Behave Strangely After Latest U.S. Sanctions
By Julian Lee (Bloomberg) — Two oil tankers appeared to stop what they were doing off the coast of Greece just a few days after the US Treasury imposed fresh sanctions on 14...
MOSCOW, Nov 14 (Reuters) – The Kremlin said on Tuesday that Russia was acting in its own interests when asked about a probe by the United States into alleged violations of Western oil sanctions on Moscow.
Kremlin spokesman Dmitry Peskov also told a daily conference call with reporters that President Vladimir Putin would hold a meeting on the fuel and energy complex later on Tuesday.
The U.S. Treasury Department has sent notices to ship management companies requesting information about 100 vessels it suspects of violating Western sanctions on Russian oil, according to a source who has seen the documents.
“We understand that the American authorities do not stop their sanctions aspirations in one form or another, but we adapt to these conditions and act in a way that best suits our interests,” Peskov said.
The Group of Seven countries, the European Union and Australia imposed a $60 per barrel cap last December on sea-borne exports of Russian crude due to the conflict in Ukraine.
It bans Western companies from providing services such as transportation, insurance and financing for the oil sold above the cap.
A rally in global oil prices this year has meant much of Russian oil has traded above the cap.
The source with knowledge of the new notices said that some of the vessels now under investigation were involved in lifting Russian oil from the Pacific port of Kozmino, while others had loaded at the port of Primorsk on the Gulf of Finland.
(Reporting by Dmitry Antonov; writing by Vladimir SoldatkinEditing by Andrew Osborn and Louise Heavens)
(c) Copyright Thomson Reuters 2023.
Dive into a sea of information with our meticulously curated weekly “Dispatch” email. It’s more than just a newsletter; it’s your personal maritime briefing.
Join the 104,676 members that receive our newsletter.
Have a news tip? Let us know.
Be Informed: Stay updated with the latest maritime news and trends.
Connect: Network with a community of maritime professionals and enthusiasts.
Gain Insights: Receive exclusive content and personal perspectives from our CEO.Sign Up
Maritime and offshore news trusted by our 104,676 members delivered daily straight to your inbox.
Essential news coupled with the finest maritime content sourced from across the globe.Sign Up