Tag #Oil Trade

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Russia, China, and India Deepen Energy Ties Amidst US Sanctions

At the Shanghai Cooperation Organisation summit, Russia, China, and India solidified their energy partnerships, with Russia offering discounted oil to India and China to counter US sanctions imposed following Russia's invasion of Ukraine.

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dw.com
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EU Expands Sanctions on Russian Tankers, but Effectiveness Questioned

The EU's 17th sanctions package, adopted May 20th, significantly expands restrictions on Russian tankers, adding approximately 200 ships, although experts question its long-term impact due to ongoing circumvention through countries like China and India.

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dw.com
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EU Parliamentarians Urge Greece to Halt Tanker Sales to Russia's 'Shadow Fleet'

Members of the European Parliament's "Friends of European Ukraine" group urged Greek PM Mitsotakis to stop the sale of Greek ships to Russia's "shadow fleet," which circumvents sanctions, endangering Europe's security and environment; a Brookings study revealed that Greek shipowners sold 37% of the ...

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dw.com
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Russia's Shadow Fleet: Circumventing Sanctions and Risking Environmental Catastrophe

To bypass sanctions on its oil exports, Russia utilizes a shadow fleet of at least 1089 tankers (75% of the opaque market), often lacking insurance and operating under flags of convenience, increasing the risk of oil spills; as of February 2025, the EU, UK, and US have sanctioned 153, 133, and 183 t...

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Climate Action
nos.nl
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Billions Earned from Selling Tankers to Russia's Shadow Fleet

Western ship owners earned over €6 billion selling 230 old oil tankers to a "shadow fleet" facilitating Russian oil exports to India, China, and Turkey since the Ukraine invasion, raising environmental and security concerns.

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abcnews.go.com
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Turkish Businessman Arrested for Helping Venezuela Evade Sanctions

A Turkish businessman was arrested for helping Venezuela's state oil company bypass US sanctions using deceptive shipping practices.

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dw.com
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Trump's Tariffs on Indian Oil Imports from Russia

Trump imposed additional tariffs on India for its purchase of Russian oil, increasing import taxes to 50%, prompting criticism from India and China; the move risks global oil price increases.

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dw.com
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EU Expands Sanctions on Russian Oil Tankers, but Circumvention Remains a Challenge

The EU's 17th sanctions package, joined by the UK, significantly expands restrictions on Russian oil tankers, adding around 200 ships, but circumvention through offloading in China and India remains a challenge, allowing Russia to continue financing its war effort.

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dw.com
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Germany Confiscates Russian Oil Tanker, Targeting Sanctions Evasion

Germany seized the Panamanian-flagged oil tanker Eventin, carrying 100,000 tons of Russian oil from Ust-Luga, on March 14th, after its engine failure in January. The seizure, likely the first such action by an EU member since the Ukraine invasion, aims to prevent Russia from using its 'shadow fleet'...

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theglobeandmail.com
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Gold Prices Hit Record Highs, but Bear Case Emerges

Gold prices hit record highs above US$2,900 per ounce due to US tariffs and geopolitical uncertainty; however, market dislocations and decreased demand suggest a potential price correction.

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48% Bias Score

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nos.nl
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Billions Earned from Tanker Sales Aiding Russia's Sanction Evasion

Western ship owners profited over €6 billion from selling 230 old oil tankers to a Russian "shadow fleet" since the Ukraine invasion, primarily Greek companies, increasing environmental risks and potentially aiding Russia's war effort.

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48% Bias Score

Peace, Justice, and Strong Institutions

Showing 1 to 11 of 11 results