Russian oil merchandise trapped at sea by US sanctions, LSEG knowledge reveals

MOSCOW (Reuters) – Practically 500,000 metric tons of Russian oil merchandise are trapped on tankers hit by U.S. sanctions, LSEG knowledge confirmed on Wednesday.

On Jan. 10, new Russia-related sanctions focused greater than 180 vessels and insurance coverage firms, including to the influence of comparable restrictions imposed by United Kingdom (TADAWUL:4280) and Europe Union.

The vessels below the newest U.S. sanctions embody 9 tankers that loaded oil merchandise at Russian Baltic and Black Sea ports in December and January.

4 of them – Cup, Aquatica, Turaco and Onyx – are carrying in complete round 280,000 tons of gas oil, destined for India, Turkey and Singapore, LSEG knowledge reveals.

One other of the tankers – Ariadne – was loaded in December with about 35,000 tons of naphtha within the Russian Baltic port of Ust-Luga. It’s drifting close to Egyptian port of Port Mentioned, based on delivery knowledge.

4 different vessels from the sanctions checklist are carrying in complete round 160,000 tons of ultra-low sulphur diesel and gasoil of Russian origin.

A kind of cargoes – Pravasi – is discharging on the Brazilian port of Santos. Three different vessels – Symphony, Jupiter and Talisman – are on their strategy to Turkey, based on LSEG knowledge.

Though there’s a transition interval, permitting the discharge of cargoes that has already been agreed, merchants mentioned concern about penalties has slowed exercise.

For the reason that sanctions have been introduced, no less than 65 oil tankers have dropped anchor at a number of places, together with off the coasts of China and Russia, ship monitoring knowledge confirmed.