Tankers carrying Russian oil stuck idling off Chinese coast after new U.S. sanctions
Source: Bloomberg
Three ships carrying over two million barrels of Russian oil are currently idling off China’s eastern coast after apparently being denied permission to dock by the port management company in response to new U.S. sanctions, Bloomberg reports.
At the same time, according to The Bell, the sanctioned gas carrier Cool Rover, which is transporting liquefied natural gas from Gazprom, is anchored off Spain’s coast.
The latest sanctions from Washington target Gazprom Neft, Surgutneftegas, the Russian oil carrier Sovcomflot, and insurance companies Ingosstrakh and AlfaStrakhovanie. They also extend to vessels from Russia's "shadow fleet," which are used to transport oil purchased above the G7-imposed price cap of $60 per barrel.