Petroleum. shipowners are not reluctant to send oil tankers to Russia
Oil tanker owners have become reluctant to offer their ships loading of crude oil from Russia for fear of future economic sanctions for their freight business if the West decides to apply tougher sanctions against Russia. following the invasion of Ukraine.
Several ship brokers and shipowners confirmed to Bloomberg on Thursday that they are avoiding offering their tankers for the transport of Russian oil.
Two-thirds of Russia's crude oil exports come from the sea, the Black Sea and Baltic Sea ports.
After Russia invaded Ukraine on Thursday, the United States, the European Union and the United Kingdom vowed to impose another round of sanctions against Moscow.
The first round of sanctions, while cutting some Russian banks from international markets and increasing sanctions on trade with Russian sovereign debt, was disappointing according to analysts, and, in itself, would not affect the Russian energy sector. None of the first sanctions announced by the US or the European Union, or the UK, have targeted a Russian bank financing Russia's oil and gas transactions, which has calmed the international energy market over Russia's lack of involvement. which exports 10% of the oil and 40% of the world's gas.
Earlier this week, a senior US State Department official said US sanctions imposed on Russia for recognizing two breakaway regions in eastern Ukraine and sending troops there would not target the flows. of Russian oil and gas, nor would they target such flows in subsequent sanctions that could be imposed in the near future. However, the subsequent invasion is leading to the revision of these initial positions and Western countries have promised a sanctioning escalation. for now, what biden and Von Der Leyen have said has been extremely disappointing, beyond words, and will not stop Russian activity one meter. But there is room for other actions.
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The article Petroleum. shipowners are not reluctant to send oil tankers to Russia comes from ScenariEconomici.it .
This is a machine translation of a post published on Scenari Economici at the URL https://scenarieconomici.it/petrolio-gli-armatori-non-sono-riluttanti-a-mandare-le-petroliere-in-russia/ on Fri, 25 Feb 2022 08:14:30 +0000.