Russia News

"In 2025, India’s oil imports from Russia made up 33% of the country’s total seaborne oil imports and 25% of Russia’s seaborne oil exports. A new trade agreement between the US and India could, according to US President Donald Trump, put an end to that trade,” says Niels Rasmussen, Chief Shipping Analyst at BIMCO.On Monday, President Trump announced that a new trade agreement between the US and India would lead to mutual tariff reductions. US tariffs on Indian goods would fall from 50% to 18% and Indian tariffs on US goods could fall to zero.

India stopped exporting diesel to the European Union this month due to the European Union's ban on fuel derived from Russian crude and instead sent a record amount to West Africa, shipping data from Kpler and Vortexa showed, while Turkey's diesel exports to the EU slowed in recent months.The developments highlight that the EU policy, aimed at punishing Russia over its 2022 full-scale invasion of Ukraine, is prompting a further reordering of intercontinental oil flows, forcing…

The French navy has diverted the "GRINCH" oil tanker it detained on Thursday towards the port of Marseille-Fos for further investigation, a source close to the investigation told Reuters on Friday.The navy had intercepted the tanker, which had left Murmansk in early January, on suspicion of operating under a false flag and belonging to the "shadow fleet" that enables Russia to export oil despite sanctions, shortly after it crossed into the Mediterranean Sea through the Straits of Gibraltar.The case is being investigated by the prosecutor of Marseille…

The French navy on Thursday intercepted a Russian tanker in the Mediterranean suspected to be part of the shadow fleet that enables Russia to export oil despite sanctions."This operation was carried out ... with the support of several of our allies. It was conducted in full compliance with the United Nations Convention on the Law of the Sea," French President Emmanuel Macron said on X.The interception was carried out on high seas in the Western Mediterranean, between the southern coast of Spain and the northern coast of Morocco…

Greece has warned its shipping fleet to review their security measures when sailing to Russian Black Sea ports after drone attacks on two Greek-operated tankers this week, according to shipping ministry advisories.Drones struck two oil tankers on Tuesday, including one chartered by U.S.

Russian drones struck two foreign-flagged vessels on Monday, Ukraine's Deputy Prime Minister Oleksiy Kuleba said, the second such attack in four days on Black Sea shipping as the war nears the end of its fourth year.Kuleba said the vessels were sailing under the flags of Panama and San Marino, and that one person had been injured.The Panamanian ship was en route to pick up vegetable oil and the San Marino-flagged vessel had just been loaded with corn, he added."This is further evidence that Russia is deliberately attacking civilian vessels…

The European Union should ban companies from providing any support to Moscow's oil and gas-shipping fleet, introduce sanctions against Russian fertilisers and stop luxury goods exports to Russia, Sweden's foreign minister said on Monday.The 27-nation bloc is currently preparing its 20th sanctions package aimed at punishing Russia for its war in Ukraine. Previous sanctions have focused heavily on hobbling its oil and gas sector, the Kremlin's primary source of revenues."The pressure on Russia has to be increased…

Russia has attacked two foreign-flagged civilian vessels with drones in the southern Odesa region, killing a Syrian national and injuring another, Ukrainian officials said on Friday.Moscow has stepped up attacks on Ukraine's maritime export arteries over the last two months as retaliation for attacks on "shadow fleet" tankers heading to Russia to export its oil.Deputy Prime Minister Oleksiy Kuleba said in a statement that one ship had been sailing along Ukraine's maritime export corridor to pick up a grain cargo at the port of Chornomorsk, and was under the flag of Saint Kitts and Nevis.The ot

A Russia-bound oil tanker suffered a drone attack in the Black Sea that prompted it to request Turkish coastguard assistance and divert from its course, according to a notice by Lloyd's List Intelligence and a separate maritime security source on Thursday.Maritime data specialist Lloyd's List Intelligence said the Palau-flagged Elbus vessel "experienced an unmanned marine-vehicle and drone attack" on Wednesday targeting its engine room, and that no injuries were reported among the 25 crew, nor any pollution.The security source described it as a drone attack, based on an assessment.

The U.S. seized a Russian-flagged oil tanker that was being shadowed by a Russian submarine on Wednesday, after pursuing it for more than two weeks across the Atlantic as part of Washington's efforts to block Venezuelan oil exports, U.S. officials said.It appeared to be the first time in recent memory that the U.S. military has seized a Russian-flagged vessel.The Marinera, originally known as the Bella-1, had previously slipped through a U.S. maritime blockade of sanctioned tankers in the Caribbean and rebuffed U.S. Coast Guard efforts to board it.

Russia said on Wednesday that the U.S. seizure of a Russian-flagged oil tanker in the Atlantic was a violation of maritime law, and a senior lawmaker described it as "outright piracy".Russia's Transport Ministry said contact with the vessel, the Marinera, had been lost after U.S. naval forces boarded it near Iceland as part of efforts to block oil exports from Venezuela."In accordance with the 1982 U.N. Convention on the Law of the Sea, freedom of navigation applies in the high seas…

The United States is attempting to seize a Russian-flagged oil tanker with links to Venezuela after a more than two-week-long pursuit across the Atlantic and as a Russian submarine and warship were close by, two U.S. officials told Reuters on Wednesday.The seizure, which could stoke tensions with Russia, came after the tanker, originally known as the Bella-1, slipped through a U.S. maritime "blockade" of sanctioned tankers and rebuffed U.S. Coast Guard efforts to board it.The officials…

China received 22 shipments of liquefied natural gas (LNG) last year from two export projects in Russia sanctioned by the United States and European Union, shiptracking data showed.One shipment was from Portovaya and the rest were from the Arctic LNG 2 project, showed data from Kpler and LSEG.The U.S. and EU have sanctioned the projects to curb revenue reaching Russia following its invasion of Ukraine.Chinese state-owned China National Petroleum Corp (CNPC) and China National…

Oil prices were steady in choppy trade on Tuesday as investors weighed dented hopes of a Russia-Ukraine peace deal and rising geopolitical tensions in the Middle East around Yemen.Brent crude futures for February delivery, which expire on Tuesday, were up 3 cents, or 0.05%, at $61.97 a barrel at 1:18 p.m. EDT. The more active March contract was down 12 cents or 0.2% at $61.37.U.S. West Texas Intermediate crude fell 6 cents, or 0.1%, to $58.02.The Brent and WTI benchmarks settled…

Discounts on Russian oil at export terminals have once again approached historic highs, putting pressure on exporters' trade profits amid weak global oil prices, Reuters calculations show.Western sanctions over Russia's military action in Ukraine have forced its oil companies to sell crude at steep discounts, reaching $20 to $30 per barrel below Brent in December - the widest gap at Russian ports since early 2022, Reuters data indicates.The deeper discounts have eroded margins, pushing some suppliers into losses.

A sanctioned tanker carrying some 300,000 barrels of naphtha from Russia entered Venezuelan waters late on Thursday, while three others also under sanctions either stopped navigation or began redirecting course in the Atlantic Ocean, ship tracking data showed, a sign of last-minute decisions by ship owners amid U.S. President Donald Trump's "blockade" of all oil tankers under sanctions bound for the OPEC country.Trump on Tuesday ordered a "blockade" of all sanctioned oil tankers to and from the South American country…

Britain imposed sanctions on Thursday on more Russian oil companies and Canadian-Pakistani billionaire Murtaza Lakhani as part of efforts to ramp up pressure on Moscow over the war in Ukraine.The government targeted 24 individuals and entities, including what it described as Russia's largest remaining unsanctioned oil companies: Tatneft, Russneft, NNK-Oil and Rusneftegaz.The latest measures aim to make it harder for Russia to trade its oil globally. In October, Britain and the U.S.

Ukrainian drones hit a tanker in the southern Russian port of Rostov-on-Don, killing and injuring a number of people and sparking a fire, the city's mayor was quoted as saying early on Thursday."Emergency teams are extinguishing the fire on the tanker that was struck while docked in a drone attack," Russian news agencies quoted Skriabin as saying."A leak of oil products was avoided.

The Secretary-General of the International Maritime Organization Arsenio Dominguez has issued a statement on the escalating situation in the Black Sea: “As the situation continues to escalate in the Black Sea, I call on all parties to refrain from targeting innocent seafarers, port workers and merchant ships. Shipping should not be used as collateral in geopolitical situations and there is an increased environmental risk developing. “I remain ready to support any negotiation efforts…

Oil prices fell below $60 a barrel on Tuesday, the lowest since May, as prospects for a Russia-Ukraine peace deal appeared to strengthen, raising expectations sanctions could be eased.Brent crude futures fell $1.03, or around 1.7%, to $59.53 a barrel at 1340 GMT, while U.S. West Texas Intermediate crude was trading at $55.76, down $1.06, or 1.9%."Brent has dropped this morning to below $60 per barrel for the first time in months, as the market assesses a potential peace deal resulting in additional Russian volumes becoming available and oversupplying the market further…

Ukraine said on Monday it hit and disabled a Russian missile-carrying submarine docked at a Black Sea naval base using underwater sea drones for the first time, but Moscow denied the strike caused any damage.The attack with Ukrainian-made "Sub Sea Baby" drones hit the submarine in the port of Novorossiysk where Russia has rebased many of its Black Sea naval vessels to put them out of reach of Ukrainian strikes, the Security Service of Ukraine (SBU) said.Footage published by the…

A tanker carrying Russian naphtha for Venezuelan state oil company PDVSA and at least four supertankers due to pick up crude cargoes in Venezuela have made u-turns after the U.S. seized a vessel carrying Venezuelan crude, ship monitoring data showed on Monday.The U.S. Coast Guard last week intercepted and seized a very large crude carrier (VLCC) carrying some 1.85 million barrels of Venezuelan heavy oil sold by PDVSA, a sign of increasing friction between Venezuela and the U.S.…

The European Union has adopted fresh sanctions targeting companies and individuals accused of helping Moscow to circumvent Western sanctions on oil exports that help to fund Russia's war in Ukraine.The EU has imposed 19 packages of sanctions so far, but Moscow has managed to adapt to most measures and is still selling millions of barrels of oil to India and China, albeit at discounts to global prices. Much of this is transported using a so-called shadow fleet of vessels operating…