More than a 3rd of tankers transferring Russian oil have actually come to a grinding halt following brand-new U.S.
sanctions, Reuters reported Monday, citing ship tracking data.At least 65 oil tankers were stationary in waters near Russia, off Singapores coast and near Chinese ports, according to information from MarineTraffic and LSEG.Washington imposed sanctions last week targeting 183 shadow fleet vessels supposedly used by Russia to bypass Western oil price caps, part of sweeping measures aimed at undercutting Moscows energy revenues.Russia was thought to be running a minimum of 600 shadow fleet tankers in 2023, with the new sanctions apparently impacting around 10% of the international oil tanker fleet.Analysts mentioned by Reuters said non-sanctioned tankers would likely fill the gap, with India and China increasing imports from non-Russian sources.The U.S.
Treasury has likewise sanctioned Russian oil majors Gazprom Neft and Surgutneftegas, along with lots of traders and insurers, in an effort to more limitation Moscows capability to generate income from energy exports.