“India is set to ditch oil tankers that have been sanctioned by the US for their role in transporting cargo for Russia, another example of the impact of Washington’s measures on the global oil market.”, — write: epravda.com.ua
India is set to ditch oil tankers that have been sanctioned by the US for their role in transporting cargo for Russia, another example of the impact of Washington’s measures on the global oil market. Bloomberg writes about it. A senior Indian official told reporters that vessels under sanctions would not be allowed to unload. This does not apply to vessels chartered before January 10, provided they are unloaded by March 12.Advertisement: The official, who asked not to be named because of the sensitivity of the matter, also said the effects of the sanctions would be felt in two months: Oil supply is not a problem. OPEC has 3 million barrels per day of spare capacity, while non-OPEC suppliers such as the US, Canada, Brazil, Guyana can easily add barrels. Indian oil refiners are in talks to sign fixed-term contracts with suppliers from the Middle East. Depending on the market situation, they may look for additional barrels Indian refiners may lose the discounts they enjoyed on Russian oil if supplies become scarce Russia will find ways to get its barrels to India Indian banks will require certificates of origin to ensure that the oil does not come from suppliers who have been sanctioned We will remind: Three tankers with more than 2 million barrels of Russian oil are floating in the waters off eastern China and cannot be shipped after the US imposed new sanctions on Russia’s largest oil companies on Friday, January 10. Advertising: The US Treasury Department’s Foreign Assets Control Office has imposed sanctions against the two largest oil companies of the Russian Federation, Gazprom Neft and Surgutneftegaz, as well as ship insurance providers Ingosstrakh and Alfastrahovanie. According to the Financial Times, the measures include blacklisting 183 “shadow fleet” vessels involved in the export of energy resources from Russia.