Sanctions

President of Ukraine Volodymyr Zelenskyy has implemented the decision of the National Security and Defense Council (NSDC) to impose new sanctions against 56 sea vessels.

Oil tanker charter rates have risen to their highest level in five years as buyers look for alternatives to Russian oil.

In just nine months of this year, the number of ships under false flags has doubled.

It is expected that a significant reduction in the Kremlin’s oil revenues will be recorded already in December of this year.

The EU has already imposed restrictions on more than 550 vessels and is negotiating with the flag states that register these tankers.

EU foreign ministers are discussing the introduction of additional measures against ships and companies that help Russia transport sanctioned oil.

The restrictions, imposed in October, have lowered the market value of Russian oil and could reduce its sales in the long term.

Russia’s Sovcomflot reported a significant drop in revenue for the first nine months of 2025.

Shares of Russian oil and gas giant Lukoil fell to their lowest level in two and a half years this week.

The accumulation of oil shipments at sea, especially from Russia, Iran and Venezuela, indicates that sanctions are finally starting to work. Bloomberg analysts and maritime monitoring services (Vortexa, Kpler, OilX) have found a significant increase in the volume of crude oil awaiting transportation or unloading at sea. A significant part of this stagnation is crude…