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Russian Oil Price Cap

gCaptain’s full coverage of the G-7 and European countries’ price cap on Russian oil in response to Russia’s war on Ukraine.


Tuesday, May 28, 2024
Laden crude oil tanker approaches the port of Qingdao, China in the morning fog. Photo credit: Shutterstock/Igor Grochev
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U.S. Weighs Additional Sanctions on Russia-China Trade

WASHINGTON, May 28 (Reuters) – The United States and its partners are prepared to use sanctions and export controls to prevent China-Russia

May 28, 2024
Total Views: 704

Tuesday, April 30, 2024
Stock photo of a tanker at sea
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Western Insurers Say Russian Oil Price Cap Pushing More Ships to ‘Shadow Fleet’

LONDON, April 30 (Reuters) – A group of Western insurers has said a Russian oil price cap has become unenforceable and only pushed more ships into

April 30, 2024
Total Views: 586

Monday, April 29, 2024
Laden crude oil tanker approaches the port of Qingdao, China in the morning fog. Photo credit: Shutterstock/Igor Grochev
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G7 Price Cap on Russian Oil ‘Increasingly Unenforceable’, Insurers Warn

By Alex Longley and Julian Lee (Bloomberg) — A Group of Seven-imposed cap on the price of Russia oil is becoming increasingly unenforceable, an

April 29, 2024
Total Views: 830

Tuesday, March 19, 2024
An aerial view shows an SCF tanker at the crude oil terminal Kozmino on the shore of Nakhodka Bay near the port city of Nakhodka, Russia August 12, 2022
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Tanker Operators Navigate Russian Crude Trade Amid Sanctions

Despite restrictions, the Russian crude trade is expected to continue at discounted prices, benefiting the crude tanker market for vessels not subject to

March 19, 2024
Total Views: 1206

File photo of an oil tanker at sea
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Two Tankers With Russian Crude Idle for Weeks Off India

By Sherry Su (Bloomberg) — Two tankers carrying Russian flagship Urals crude have been idling off the West Coast of India for more than three weeks

March 19, 2024
Total Views: 4994

Friday, February 23, 2024
Sovcomflot ship bridge
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U.S. Sanctions Russia’s State-Owned Shipping Company Sovcomflot

The U.S. Department of the Treasury on Friday imposed sanctions on Russia’s largest shipping company, Joint Stock Company Sovcomflot (Sovcomflot), part

February 23, 2024
Total Views: 3886

Russian President Vladimir Putin attends a meeting
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U.S. Analysis Shows Price Cap on Russian Oil is Working

The U.S. Treasury Department released a new report Friday detailing the impact of the second phase of a policy capping the price of Russian oil, two years into

February 23, 2024
Total Views: 1590

Tuesday, February 13, 2024
Tankers Tied to the Russian Oil Trade Grind to a Halt Following US Sanctions
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Tankers Tied to the Russian Oil Trade Grind to a Halt Following US Sanctions

(Bloomberg) — A chunk of the vast fleet of tankers that Russia uses to deliver its crude oil is grinding to a halt under the weight of US sanctions,

February 13, 2024
Total Views: 7950

Thursday, February 8, 2024
Russian Oil Tankers. REUTERS/Tatiana Meel/File Photo
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US Issues New Sanctions Over Russian Oil Price Cap Violation

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has imposed sanctions on four entities and identified one tanker as blocked

February 8, 2024
Total Views: 7172

Thursday, January 18, 2024
oil tanker
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U.S. Sanctions Shadow Fleet Shipping Company for Russia Oil Price Cap Violations

The U.S. has imposed new sanctions on a UAE-based shipping company operating eighteen vessels for transporting Russian crude oil above the $60 per barrel price

January 18, 2024
Total Views: 3427

Thursday, December 28, 2023
The Galaxy Leader cargo ship is escorted by Houthi boats in the Red Sea in this photo released November 20, 2023. Houthi Military Media/Handout via REUTERS
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The Maritime Stories That Made 2023

This year proved once again that the maritime industry is one of the most important and exciting industries on the planet. As 2023 comes to a close,

December 28, 2023
Total Views: 6013

Friday, December 1, 2023
Russian Oil Tankers. REUTERS/Tatiana Meel/File Photo
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US Issues Fresh Sanctions Over Russian Oil Price Cap Violations

By Daphne Psaledakis and Timothy Gardner WASHINGTON, Dec 1 (Reuters) – The United States on Friday imposed additional sanctions related to the price

December 1, 2023
Total Views: 664

Tuesday, November 21, 2023
A Russian state flag flies on the top of a diesel plant in the Irkutsk Oil Company-owned Yarakta Oil Field in Irkutsk Region. Picture REUTERS/Vasily Fedosenko
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Russia’s Urals Oil Hovers Above $60 Sanctions Cap

MOSCOW, Nov 21 (Reuters) – Russian Urals oil prices bounced back above the $60 a barrel Western price cap as global prices rose and

November 21, 2023
Total Views: 497

Friday, November 17, 2023
tanker at sea
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Newly Sanctioned Tankers Supplied Russian Oil to India

By Florence Tan, Muyu Xu and Nidhi Verma SINGAPORE/NEW DELHI, Nov 17 (Reuters) – Three oil tankers, newly sanctioned by Washington, regularly shipped

November 17, 2023
Total Views: 1921

Thursday, November 16, 2023
Russian Oil Tankers. REUTERS/Tatiana Meel/File Photo
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U.S. Sanctions Three Shipping Companies for Russian Oil Price Cap Violations

By Daphne Psaledakis WASHINGTON, Nov 16 (Reuters) – The United States on Thursday imposed sanctions on maritime companies and vessels for shipping oil

November 16, 2023
Total Views: 3054

Wednesday, November 15, 2023
Stock photo of an oil tanker moored at sea
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Russian Oil Tankers Not Targeted in EU Sanctions Proposal -Diplomats

Nov 15 (Reuters) – Russian oil tankers are not targeted in the European Commission’s proposal for tightening the implementation of a

November 15, 2023
Total Views: 764

Tuesday, November 14, 2023
Laden crude oil tanker approaches the port of Qingdao, China in the morning fog. Photo credit: Shutterstock/Igor Grochev
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US Alarms Tanker Owners With Russian Price Cap Letters

(Bloomberg) — The US Treasury’s sudden flurry of letters to tanker companies for potentially breaching a Group of Seven price cap on Russian oil

November 14, 2023
Total Views: 3148

Monday, November 13, 2023
File photo of an oil tanker at sea
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US Investigating 30 Ship Managers Over Suspected Russia Oil Sanctions Violations

WASHINGTON, Nov 13 (Reuters) – The U.S. Treasury Department has sent notices to ship management companies requesting information about 100 vessels it

November 13, 2023
Total Views: 3728

Thursday, October 12, 2023
An aerial view shows an SCF tanker at the crude oil terminal Kozmino on the shore of Nakhodka Bay near the port city of Nakhodka, Russia August 12, 2022
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US Imposes First Sanctions Over Russia Oil Cap as Impact Fades

By Daniel Flatley and Christopher Condon (Bloomberg) — The US imposed the first sanctions for violations of the price cap on Russian oil introduced by

October 12, 2023
Total Views: 1671

Stock photo of an oil tanker moored at sea
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US Sanctions Two Tanker Owners for Carrying Russian Oil Above Price Cap

By Timothy Gardner and Daphne Psaledakis WASHINGTON, Oct 12 (Reuters) – The U.S. on Thursday imposed the first sanctions on owners of tankers carrying

October 12, 2023
Total Views: 1452
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