Sanctions

The price of russian Urals oil on the world market is approaching the $60 mark. At the same time, as of April 6, the price of Rosneft exports to India, including shipping costs, was more than $73 per barrel.

Venezuela and russia plan to create a joint shipping line. Thus, countries under sanctions want to increase trade.

Ukraine will introduce sanctions against Syria. The reason for this was the transportation of stolen Ukrainian grain by Syrian ships.

Thanks to record purchases of russian oil, India has increased imports of its own energy carriers to Europe.

India’s third largest bank has refused to process payments for russian oil whose price exceeds the “price ceiling”.

The Organization of Petroleum Exporting Countries OPEC+ has decided not to reduce oil production.

Japan is suspending the export of many dual-use goods to russian federation — a few days after russian ships fired supersonic missiles toward the Sea of Japan.

Viterra Limited has officially confirmed its withdrawal from the russian market. The company plans to transfer export operations to russian federation from July 1, 2023.

Ukraine introduced new sanctions against a number of individuals and legal entities. In particular, the russian “United Shipbuilding Corporation” (USC) came under restrictions.

More than 4.4 million barrels of russian diesel fuel are currently stored on oil tankers. The reason is that russia cannot find a place to export cargo.