oil

Two tankers carrying Russian oil have been unable to find buyers in the wake of tougher Western sanctions and have been anchored in the Suez Canal for more than a week.

Strengthening Western sanctions are forcing Indian refiners to reconsider their dependence on Russian raw materials.

Millions of tons of Russian oil were delivered through a port partly owned by Macquarie Bank and sold to Australian companies.

Off the coast of India, two sanctioned vessels were transshipping Russian oil using the ship-to-ship (STS) method.

New restrictions by the US, UK and EU on Russian oil and gas exports could significantly affect the financing of the Russian army.

According to the results of October 2025, Russia’s seaborne crude oil exports increased by 1.577 million tons compared to September – to 24.967 million tons.

The EU-sanctioned tanker Prometei (IMO:9296597) is unloading oil at the Indian port of Mundra.

Despite US sanctions, an Indian refiner is buying Russian oil again – now from companies not under Western sanctions.

The Union of Ukrainian Organizations of Australia (UUAA) has called on the country’s government to stop importing oil products with a Russian footprint.

India’s largest buyer of Russian oil, Reliance Industries Ltd, plans to comply with Western sanctions against Russia.