Sanctions
The State Bank of India has joined the sanctions against russian oil
India’s third largest bank has refused to process payments for russian oil whose price exceeds the “price ceiling”.
OPEC+ countries decided not to cut oil production
The Organization of Petroleum Exporting Countries OPEC+ has decided not to reduce oil production.
Japan banned the export of dual purpose goods to russia
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.
It became known when Viterra will finally leave the russian market
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.
Another shipbuilding company of russian federation came under sanctions
Ukraine introduced new sanctions against a number of individuals and legal entities. In particular, the russian “United Shipbuilding Corporation” (USC) came under restrictions.
Russia continues to accumulate diesel fuel on floating storage facilities due to sanctions
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.
Turkey has blocked the transit of sanctioned goods to russia
In March 2023, Turkey stopped the transit of sanctioned goods to russia, supporting the measures introduced by the European Union and the United States due to the invasion of Ukraine.
Five shipowners from Greece were put on the sanctions list for helping russian federation
Five tanker companies from Greece were included in the list of the National Committee for “War and Sanctions”. The companies are international sponsors of russia’s war against Ukraine.
Turkey has let a russian-sanctioned ship through the Bosphorus
On the night of March 5, a russian cargo ship, which is under US sanctions, passed through the Bosphorus. It was on its way from Syria to the port of Novorossiysk.
India buys Rosneft much cheaper under the “price ceiling”
India buys oil from russia much cheaper than the “price ceiling” implemented by the G7 countries.
