Russia’s Ryazan oil refinery halts operations after Ukrainian drone strike yesterday
The facility producing 13.1 million tons daily is now completely offline, Reuters says, citing sources.
Browsing Tag
Russian oil
73 posts
Politico: Europe moves to squeeze Russia’s shadow fleet as Finland shows how it’s done
The seizure of the Eagle S by Finnish authorities, a Russian oil tanker suspected of damaging vital subsea cables in the Baltic Sea, might trigger a shift in EU strategy.
Russian oil falls below $ 60 as budget set at $ 69
The Kremlin’s war spending in Ukraine relies heavily on revenue from Urals crude, but US sanctions have disrupted the market.
Telegraph: Finnish foreign minister says Russia’s economy shows “serious cracks,” urges to strengthen economic sanctions
Economic forecasts show Russian GDP dropping to under 1% in 2025 from 3% currently, while the central bank has pushed interest rates to 21% amid mounting pressure from international sanctions.
Bloomberg: Oil flows halt at Russia’s Ust-Luga Baltic port following reported attack
A major Russian oil export facility suspended operations after Ukraine reported attacking its supporting pipeline infrastructure.
iStories: New US sanctions affected vessels that transported a fifth of Russia’s oil exports in 2024
India has stated it will not reduce its purchases of Russian oil, while China has yet to comment on the new sanctions.
Zelenskyy insists Ukraine must be central to any Russia peace talks
Ukraine's President wants Ukraine - as a future EU member - the US, EU, and Russia at the peace talks table.
Bloomberg: Three tankers with 2M barrels of Russian oil stranded off China as US sanctions bite
Shandong Port Group's terminals are turning away Russian oil shipments after US Treasury sanctions targeted 183 tankers.
Reuters: Tougher US sanctions to curb Russian oil supply to China and India
Sources note that these sanctions will significantly reduce the fleet of ships available to deliver crude from Russia, with one source noting: ''it's going to drop off a cliff.''
US, UK block Russia’s oil giants in largest-ever energy sanctions package, target shadow fleet
US Department of the Treasury and United Kingdom jointly targeted Russian Gazprom Neft and Surgutneftegas, marking the most comprehensive action yet against Russia's ability to profit from energy exports that fund its aggression in Ukraine.
Ukrainian opposition introduces bill to ban Russian oil transit
European Solidarity registered a draft law in the Parliament to terminate Russian oil transit through Ukraine, targeting revenue sources funding military operations.
Reuters: US plans new sanctions on Russia’s “shadow fleet”
Washington prepares comprehensive sanctions targeting vessels and networks involved in circumventing price restrictions on Russian petroleum exports.
Bloomberg: US considers new Russia oil sanctions to weaken Putin ahead of Trump presidency
The White House is weighing new sanctions targeting Moscow's vital oil trade, despite longstanding concerns about global energy market disruption.
EU Parliament demands crackdown on Russia’s shadow tanker fleet
"This transport is killing the reach of the sanctions against Russia and finances the war against Ukraine. Every ship that goes through means more suffering for the Ukrainian people," a leading MEP told
Report: Russia hiding oil sales from OPEC to fund war in Ukraine
Ukrainian researchers allege Russia’s systematic deception of OPEC, with hidden oil sales exceeding quotas, reportedly generating $60 billion annually.
Politico: Marine life at risk worldwide as Russia’s shadow fleet spills oil, bypassing sanctions
Despite Western efforts to curb Moscow's oil revenues through sanctions, Russia continues transporting oil worldwide using "shadow fleet," aging tankers operating outside international regulations, which were detected spilling oil in waters and threatening the environment.
Russia’s Arctic fossil fuel boom fuels Ukraine war and climate crisis
Moscow's reckless exploitation of Arctic reserves threatens global climate targets while bankrolling its invasion of Ukraine. Yet China's growing involvement complicates Western efforts to curtail Russia's destructive expansion in the region.
Exports of Russian oil via shadow fleet nearly doubled in past year
Russia has spent over $10 billion since 2022 on vessels to bypass Western sanctions, a new study finds.
Czechia spends five times more on Russian energy than Ukraine aid, report reveals
The country's reliance on Russian oil increased to 60% in 2023 before dropping slightly in 2024.
Czech Republic spends over $8 billion on Russian oil and gas
Analysts argue that the Czech Republic has alternatives to Russian oil, despite the country's continued reliance on Moscow's exports.
