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  • 28/08/2025 22:19 Structum by BiFin Launches Structum SPV-as-a-Service Platform to Streamline Global Investment Structuring
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U.S. Sanctions on Russia’s Crude Create Chaos in Global Oil Trade
Home » News » Asia » U.S. Sanctions on Russia’s Crude Create Chaos in Global Oil Trade

U.S. Sanctions on Russia’s Crude Create Chaos in Global Oil Trade

Sharie Ramage 15/02/2025 02:23

Last month’s U.S. sanctions on Russian oil exports have upended global oil trade as Asia rushes to cover Russian barrels with alternative supply and tanker rates soar amid significantly decreased availability of non-sanctioned vessels. The Biden Administration’s farewell sanctions on Russian oil trade were the most aggressive yet and sanctioned dozens of vessels that Russia used to

OilPrice
Last month’s U.S. sanctions on Russian oil exports have upended global oil trade as Asia rushes to cover Russian barrels with alternative supply and tanker rates soar amid significantly decreased availability of non-sanctioned vessels. The Biden Administration’s farewell sanctions on Russian oil trade were the most aggressive yet and sanctioned dozens of vessels that Russia used to ship the ESPO crude blend from Kozmino to China’s independent refiners…
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