Russia Oil Trade to China, India Stalls

Russia on brink of economic ruin as India and China stop buying Kremlin's oil
Russia has suffered a major economic setback, after China and India halted their purchases of Kremlin oil. Oil and gas revenues are vital sources of revenue, accounting for between a third and half of Russia 's federal budget over the last decade. In particular, these revenues play a key role in helping Putin to finance his war in Ukraine.
Buyers and ports in China and India steer clear of sanctioned tankers, stalling Russia’s oil trade
The latest U.S. sanctions on Russia’s oil and gas sector have raised the cost of chartering tankers not under restrictions so significantly that trade with China and India for delivery in March has stalled,
Russia Oil Trade to China, India Stalls as Sanctions Drive up Shipping Costs
Trade for March-loading Russian oil in top buyer Asia has stalled as a wide price gap between buyers and sellers emerged in China after costs for chartering tankers unaffected by U.S. sanctions jumped,
Russia defies US sanctions, sends sanctioned oil tankers to India
Russia has continued to send cargoes of crude oil to India on tankers that have been sanctioned by the US, Bloomberg reported on Tuesday. This situation presents a crucial test of Moscow’s ability to circumvent the stringent sanctions implemented by Washington earlier this month.
Russian oil sales to China and India stall as sanctions increase costs, Reuters reports
Trade for March-loading Russian oil in China and India has stalled due to soaring shipping costs triggered by U.S. sanctions introduced on Jan. 10, Reuters reported on Jan. 28. The sanctions target nearly 200 vessels in Russia's "shadow fleet,
Sanctions tighten grip on Russian oil, pushing China and India away
As reported by Reuters, these sanctions have already had tangible effects. The main recipients of Russian oil, China and India, have suspended purchases from Russia because the de
China and India Halt Russian Oil Purchases for March – Reuters
China and India have suspended March purchases of Russian oil as U.S. sanctions drive up shipping costs, Reuters reported Tuesday, citing traders and shipping data. The U.S. Treasury Department earlier this month targeted 183 vessels,
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