“Part of Russia’s oil tanker fleet has been forced to change the flag under which they sail, as US and UK sanctions put pressure on Moscow’s shipping network.”, — write: epravda.com.ua
Part of Russia’s oil tanker fleet has been forced to change the flag under which they sail, as US and UK sanctions put pressure on Moscow’s shipping network. Bloomberg writes about it. The Barbados Shipping Register said it will ask 46 vessels to remove their flag by the end of the month due to British sanctions. Fourteen of them are also subject to US sanctions. Also, earlier this month, Panama’s shipping registry said it had begun delisting 68 vessels subject to U.S. sanctions.Advertisement: While all ships are likely to find new flags, many ships serving Moscow’s interests have repeatedly been forced to switch to unusual service providers from 2022. This shows the devastating impact of sanctions on the extensive logistics system that helps keep oil flowing and Russia’s military machine running. The latest moves follow the largest-ever sanctions against Russian exports imposed earlier this month. Sailing under the Barbados flag was a coup for Russian shipping, as it is one of the most authoritative countries in the world that registers ships. We will remind:Advertisement: Russian oil companies suffered a new blow on the Indian market, which, after the start of the full-scale war, significantly increased purchases of barrels from the Russian Federation and became their second largest importer of barrels in the Russian Federation after China. The cost of transporting Russian ESPO oil to China has risen sharply, reaching an almost fivefold increase compared to the level before the introduction of the latest US sanctions against the Russian Federation.