Russian Sanctions

By Asad Zulfiqar and Alex Longley (Bloomberg) — Exxon Mobil Corp., is avoiding hiring oil tankers that previously carried cargoes from Russia, putting

Robert Huish (The Conversation)–The European Union and the United States are now targeting maritime protection and indemnity (P&I) insurance

by Carolyn Cohn (Reuters) Insurers may refuse to cover planes flying to Ukraine or ships sailing through the Black Sea as reinsurers – who

By Serene Cheong, Julian Lee and Sharon Cho (Bloomberg) — There are tentative signs that oil tanker companies are avoiding sending their ships to

By Steven Arons, Áine Quinn and Alex Longley (Bloomberg) — Some of the biggest names in ship reinsurance are days away from ceasing to cover key

By Jack Wittels (Bloomberg) — Europe is bringing in diesel cargoes from around the world at close to a record pace ahead of the coming ban on shipments

By Jack Wittels (Bloomberg) — Russia has set up a site in the Baltic Sea to allow it to transfer refined fuels from one vessel onto another in a bid

By Gaspard Sebag (Bloomberg) –Sanctioned Russian billionaire Alexey Kuzmichev has notched up another victory in his fight with French authorities

(Bloomberg) — A standoff over sanctions and insurance that has caused a jam of oil tankers at the key Bosphorus shipping strait escalated on Thursday,

By Jonathan Saul (Reuters) Western officials are in talks with Turkish counterparts to resolve oil tanker queues off Turkey, a British Treasury official said,

MOSCOW, Dec 7 (Reuters) – Russia is concerned about a build-up of oil tankers in the Bosphorus Strait and is discussing the issue with

By Julian Lee and Alex Longley (Bloomberg) — Oil tankers hauling millions of barrels of Kazakh crude are being prevented from leaving the Black Sea to

Dec 5 (Reuters) – Oil tankers formed a traffic jam off the coast of Turkey on day one of the West’s price cap on Russian crude, with

By Julian Lee (Bloomberg) — Russia’s crude oil shipments to Europe are shrinking fast. A European Union ban on seaborne imports from the country is

By Julia Payne and Jonathan Saul LONDON, Dec 5 (Reuters) – The market for old oil tankers is booming, and it’s all down to efforts by

By Alex Longley (Bloomberg) After months of planning and negotiations, the biggest tranche of sanctions on Russian oil to date take effect on Monday. How

By Caleb Davis and Mark Trevelyan Dec 3 (Reuters) – Russia “will not accept” a price cap on its oil and is analyzing how to

By Serene Cheong and Alex Longley (Bloomberg) — Shipping costs for Russian crude are skyrocketing as more tanker owners shun the trade days

By Ewa Krukowska (Bloomberg) European Union diplomats suspended talks on capping Russian oil prices, as Poland and the Baltic states objected to a proposal

By Sharon Cho (Bloomberg) –Top trader Vitol Group is still buying “very modest” volumes of Russian oil products and is studying whether the company