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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.


Friday, February 23, 2024
Sovcomflot ship bridge
Shipping

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: 3385

Russian President Vladimir Putin attends a meeting
Shipping

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: 1415

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

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: 7906

Thursday, February 8, 2024
Russian Oil Tankers. REUTERS/Tatiana Meel/File Photo
Shipping

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: 7142

Thursday, January 18, 2024
oil tanker
Shipping

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: 3306

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
Shipping

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: 5931

Friday, December 1, 2023
Russian Oil Tankers. REUTERS/Tatiana Meel/File Photo
Shipping

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: 662

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
Shipping

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
Shipping

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: 1911

Thursday, November 16, 2023
Russian Oil Tankers. REUTERS/Tatiana Meel/File Photo
Shipping

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: 3048

Wednesday, November 15, 2023
Stock photo of an oil tanker moored at sea
Shipping

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: 751

Tuesday, November 14, 2023
Laden crude oil tanker approaches the port of Qingdao, China in the morning fog. Photo credit: Shutterstock/Igor Grochev
Shipping

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: 3143

Monday, November 13, 2023
File photo of an oil tanker at sea
Shipping

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: 3705

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
Shipping

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: 1666

Stock photo of an oil tanker moored at sea
Shipping

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: 1449

Sunday, May 21, 2023
Russian-flagged oil tanker Pegas docked in Greece
Shipping

Oil Supply Won’t Be Affected By Stricter Price Cap Enforcement

HIROSHIMA, Japan, May 21 (Reuters) – The International Energy Agency (IEA) does not expect moves by the Group of Seven nations to counter the

May 21, 2023
Total Views: 837

Monday, May 8, 2023
two tankers conduct ship-to-ship transfer
Shipping

EU Puts Russian Ship-to-Ship Oil Transfers in its Crosshairs

By Ewa Krukowska and Alberto Nardelli (Bloomberg) — The European Union proposed prohibiting access to its ports for vessels that attempt to circumvent

May 8, 2023
Total Views: 5066

Thursday, May 4, 2023
tanker at sea
Shipping

Russian Oil Companies Ramp Up May Exports to Meet Asian Demand

MOSCOW, May 4 (Reuters) – Russia is expected to increase seaborne oil exports from its western ports this month to a four-year high to meet

May 4, 2023
Total Views: 1630

Friday, April 28, 2023
File photo of an oil tanker at sea
Uncategorized

Rising Oil Prices Complicate Russian Price Cap Checks for Marine Insurers

By Alex Longley (Bloomberg) — Key figures in the insurance industry said rising Russian oil prices are making it harder for them to know if they can

April 28, 2023
Total Views: 506

Wednesday, April 26, 2023
Russian Oil Tankers. REUTERS/Tatiana Meel/File Photo
Shipping

Researchers Suspect ‘Widespread’ Violations of Russian Oil Price in Asia

By Alaric Nightingale (Bloomberg) — Widespread breaches of the Group of Seven oil price cap likely took place in Asia in the first quarter, according to

April 26, 2023
Total Views: 3073
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