“Shares of Russian oil companies fell sharply on the Moscow Stock Exchange in anticipation of sanctions by the Biden administration, which may include tankers of the “shadow” fleet, as well as insurance companies servicing the sale of Russian barrels.”, — write: epravda.com.ua
Shares of Russian oil companies fell sharply on the Moscow Stock Exchange in anticipation of sanctions by the Biden administration, which may include tankers of the “shadow” fleet, as well as insurance companies servicing the sale of Russian barrels. The Moscow Times writes about it. The shares of Surgutnaftogaz fell by 2.3%, Gazprom Neft – by 2.5%, and Rosneft – by 2%. In total, three companies that provide two-thirds of all oil production in the Russian Federation lost almost 200 billion rubles of capitalization, or $1.95 billion in less than 6 hours of trading. Advertisement: There are rumors on the market that Gazprom Neft and Surgutneftegaz are the third and the fourth company in Russia in terms of production volumes oil – will be included in the new American sanctions package. American authorities may increase pressure on the so-called shadow fleet, which allows Russia to sell oil above the ceiling of $60 per barrel. In anticipation of new restrictions against Russian oil, its last major buyers – India and China – began to switch to supplies from the Middle East and Africa. Advertisement: We will remind: the Office of the Control of Foreign Assets of the US Treasury Department introduced sanctions against the two largest oil companies of the Russian Federation, Gazprom Neft and “Surgutneftegaz”, as well as ship insurance providers “Ingosstrakh” and “Alfastrakhovany”.