Banks and refineries across China and India are choosing to maintain their ties with the West over continuing business with Russia's two largest oil companies, a US Treasury official said on 20 Nov.
Two Baltic-linked bunker tankers refueled Russian oil ships hundreds of times between June 2024 and March 2025, a joint investigation shows, revealing how private firms exploit sanctions loopholes to keep Moscow’s energy exports flowing.
Fuel shortages are spreading into Russia’s central regions, with record-high gasoline prices reported after weeks of Ukrainian drone strikes on oil refineries.
Aging tankers doubled in value as Russian buyers sought vessels to circumvent oil sanctions and maintain their source of revenue to fund the war against Ukraine. Greek shipowners dominated these sales, followed by British and German owners.
Systematic Ukrainian deep strikes on Russia's largest oil facilities reveal a vulnerable energy giant whose air defenses struggle to protect its most vital economic assets