Wednesday, November 30, 2022

externalWall Street Journal: Traders outsmart sanctions to supply Russian oil to US.

This item is part of our running news digest

by The Kyiv Independent news deskJune 1, 2022 7:14 pm
Share

The oil is being concealed in blended refined products such as gasoline, diesel and chemicals, while traders obscure its origins to keep it flowing, the Wall Street Journal reported. Fuels believed to be partially made from Russian crude landed in New York and New Jersey in May, according to the newspaper. Oil is also being transferred between ships at sea, a scheme used to buy and sell sanctioned Iranian and Venezuelan oil. The U.S. and U.K. imposed an embargo on Russian oil in March, while the European Union introduced a partial oil embargo in May.

externalGo to the source of this newsSEE OUR NEWS DIGEST
The Kyiv Independent news desk
The Kyiv Independent news desk

We are here to make sure our readers get quick, essential updates about the events in Ukraine.

Independent journalism
for an independent Ukraine
Independence is an expensive currency. Both Ukraine and its journalists are paying a high price to preserve its independence. Support Ukraine's trusted journalism in its darkest hour.