oil
India's imports of Russian oil rose to a nine-month high after shipments from non-sanctioned tankers of the Russian Sovcomflot company resumed, Reuters reported on May 21, citing data from shipping and trade sources. Indian buyers briefly stopped accepting shipments from Sovcomflot earlier this year after the U.S. designated the company and 14 of its tankers as in breach of sanctions. India has become a key buyer of Russian oilafter Western trade restrictions, imposed over Russia's full-scale invasion of Ukraine, forced Moscow to pivot to other markets. Reuters wrote that in the first month of...
Kyiv Independent
Ukraine's military intelligence agency (HUR) was behind the May 10 attack on the oil refinery in Russia's Kaluga Oblast, a source in the agency confirmed to the Kyiv Independent. Kaluga OblastGovernor Vladyslav Shapsha claimed earlier in the day that a falling drone caused a fire in the Dzerzhinsky district overnight. The governor did not specify the facility being attacked, but locals reported the fire at the Pervyy Zavod plant, the largest petrochemical enterprise in Kaluga Oblast, according to the Russian Telegram channel Mash. The oil refinery, located nearly 350 kilometers (around 220 mil...
Kyiv Independent
Russia has been shipping refined petroleum to North Korea in volumes that may violate the U.N. Security Council's restrictions, U.S. National Security Council spokesperson John Kirby said on May 2, according to Reuters. The reports came after the Financial Times wrote that Moscow was defying U.N. sanctions by supplying North Korea with oil, likely in exchange for weapons. Pyongyang is subject to a strict cap on oil transfers, imposed by the U.N. Security Council in 2017 after a series of nuclear weapons tests. Moscow supplied over 165,000 barrels of refined petroleum to North Korea in March al...
Kyiv Independent
Russia's "shadow fleet" of oil tankers is possibly conducting espionage in the Baltic Sea as well as helping circumvent sanctions on the trade of Russian oil, said Swedish Navy chief Ewa Skoog Haslum, in comments to the SVT public broadcaster published on April 22. The shadow fleet refers to aging and largely uninsured oil tankers that Russia uses to transport oil above the $60 per barrel price cap that the EU, the U.S., and the Group of Seven (G7) countries imposed in December 2022 as part of the effort to cut Moscow's fossil fuels revenue. Haslum said some of the ships from the shadow fleet ...
Kyiv Independent
An oil pipeline near the Russian city of Azov, Rostov Oblast, that was funneling oil products to tankers in the Azov Sea Port was blown up overnight on April 6, Ukraine's military intelligence agency (HUR) said. The agency published a video supposedly capturing the explosion but did not clarify who was behind it or who recorded the footage. Azov lies not far from the Azov Sea, around 20 kilometers west of the Russian city of Rostov-on-Don, and roughly 170 kilometers from the front line in Ukraine. Ukraine's intelligence referred to the pipeline as a military target. 0:00/ "As a result of the e...
Kyiv Independent
Russia’s war machine has shown remarkable stamina despite the hundreds of thousands of troops it is estimated to have lost in Ukraine. But under the hood, it may be less resilient than it looks. With its high oil export revenues, Russia has been able to replace its losses and give its soldiers enough equipment and ammunition to keep on pushing. To achieve and maintain this, the Kremlin has put the whole country on a military footing for the foreseeable future, Russia observers say. “I have repeatedly said that for me it looks like the economy of a country that’s preparing for a large war,” Rus...
Kyiv Independent
Turkey's Dortyol oil terminal in the Mediterranean Sea has halted business with Russia as pressure caused by U.S. sanctions mounts, Reuters reported on March 5. Western countries have sanctioned Russian oil trade due to Moscow's full-scale invasion of Ukraine in 2022. In response, Russia shifted its focus to other markets, including Turkey, China, and India. Turkey became Russia's biggest buyer in the Western hemisphere, purchasing 24% of its oil products and 5% of its crude last year, according to the Center for Research on Energy and Clean Air. Global Terminal Services (GTS), which operates ...
Kyiv Independent
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