January 13, 2025
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Bloomberg: India may stop accepting US-sanctioned oil tankers

A senior Indian official told reporters that vessels under sanctions would not be allowed to unload”, — write: www.radiosvoboda.org

India, following China, plans to stop accepting oil tankers from Russia’s “shadow fleet” that have come under US sanctions, Bloomberg reported on January 13, citing two Indian officials.

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 10th, provided they are unloaded by March 12th.

Also, according to one of them, banks in India will require certificates of origin of the cargo to obtain guarantees that the crude oil does not come from sanctioned suppliers.

Oil refineries in India are preparing for negotiations on the urgent supply of raw materials from the Middle East, one of Bloomberg’s interlocutors added.

Earlier, Bloomberg reported that three tankers with Russian oil stopped in the waters of the Yellow Sea off the east coast of China after they came under US sanctions on January 10.

All three vessels, according to the analytical company Kpler (they are confirmed by data from the Marinetraffic service), left the Russian port of Kozmino near Nakhodka in the Primorsky Krai in early January. In total, they carry more than two million barrels of oil.

On January 10, the United States imposed sanctions on more than 30 Russian oil service companies. Subsequently, the head of the President’s Office, Andriy Yermak, announced that the United States had announced a “large-scale package” of sanctions against Russia. In particular, according to his data, restrictions were introduced against 184 tankers of the shadow fleet and 14 members of the board of directors of Rosatom.

Russia uses old tankers – often uninsured and with unclear ownership – to export crude oil and petroleum products abroad, despite EU and G7 sanctions. This activity also raises concerns about the risk of environmental disasters, including major oil spills. As part of the Russian Federation’s systematic efforts to circumvent the EU, the “shadow fleet” provides a key financial basis for Russia in its war against Ukraine.

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