Russian oil firms face delays of up to several months to be paid for crude and fuel as banks in China, Turkey and the United ...
Banks in China, the UAE, and Turkey have boosted sanctions compliance leading to Russian oil firms facing months of delays in ...
Indian refineries are rejecting oil cargo carried by Sovcomflot, a Russian tanker firm that's been hit by a slew of US ...
Russia's oil industry is starting to feel the pressure of Western sanctions as Indian refineries no longer accept tankers of ...
Russia is selling Urals oil to India well above a Western price cap despite payment delays and difficulty finding tankers, Reuters assessments based on trade sources data showed on Thursday. Russia's ...
The measure allows the purchase of Russian cargoes so long as crude is below a $60 per barrel cap, products trading at a ...
Russian oil companies are encountering significant delays in receiving payments for their crude oil and fuel shipments due to ...
Oil from Russia, the world’s third-largest producer, has continued to flow despite restrictions from the West, which in 2022 ...
Payment delays reduce revenue to the Kremlin and make them erratic, allowing Washington to achieve its dual policy sanction ...
So, a workaround was found. A coalition of Western countries including the EU and the G7 implemented a “price cap” which ...
In late February, the US accused Sovcomflot, a state-run firm, of breaching the Group of Seven's $60 price cap on Russian crude ... it to offer discounted oil to new buyers.
Russian oil firms face delays of up to several months to be paid for crude and fuel as banks in China, Turkey and the United ...