Russian Oil Shipments Divert Amid U.S. Sanctions
Amid new U.S. sanctions targeting Russia's oil trade, vessels destined for India have been redirected to other countries. This move is part of Western efforts to cut Russia's oil revenues amid its conflict with Ukraine. Some vessels now head to destinations like China and Egypt instead.
Two vessels carrying Russian oil meant for Indian refiners have changed course due to new U.S. sanctions. The U.S. Treasury targeted over 115 Iran-linked entities, including ships in the Russian oil trade, seeking to curtail Russia's oil revenue amid the Ukraine conflict.
President Trump demanded global cessation of Russian oil purchases, threatening hefty tariffs if a peace agreement with Ukraine isn't reached. The Aframaxes Tagor and Guanyin and the Suezmax Tassos were set for India's shores but now face changing routes due to sanctions.
Adjustments show Tagor heads to China, and Tassos re-routes to Egypt, while Guanyin continues to India's Sikka. Meanwhile, Reliance will soon receive separate shipments, amid broader concerns over Western sanctions impacting India's energy supplies.
(With inputs from agencies.)
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