Wednesday, November 30, 2022

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

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

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.

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The Kyiv Independent news desk
The Kyiv Independent news desk

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