An oil pipeline near the Russian city of Azov, Rostov Oblast, that was funneling oil products to tankers in the Azov Sea Port was blown up overnight on April 6, Ukraine's military intelligence agency (HUR) said.
Russian companies are facing difficulties in repairing oil refineries due to Western sanctions, and Ukrainian drone attacks could worsen the problem, Reuters reported on April 4, citing unnamed sources familiar with the matter.
Russia is increasing imports of gasoline from Belarus to avert possible shortages connected to recent Ukrainian attacks on Russian oil refineries, Reuters reported on March 27, citing four undisclosed trade and industry sources.
Banks in China, the UAE, and Turkey have boosted sanctions compliance leading to Russian oil firms facing months of delays in receiving payments, Reuters reported on March 27. In some cases, money transfers to Moscow have been rejected entirely, several sources familiar with the matter told the outlet.
The two countries also said they were increasingly concerned that Russia has been providing refined oil to North Korea.
Russia's oil industry is starting to feel the pressure of Western sanctions as Indian refineries no longer accept tankers of Moscow's state-owned state-run Sovcomflot shipping company, Bloomberg reported on March 23.
Russia’s war machine has shown remarkable stamina despite the hundreds of thousands of troops it is estimated to have lost in Ukraine. But under the hood, it may be less resilient than it looks. With its high oil export revenues, Russia has been able to replace its losses and
Ukraine faces a challenging problem: how to stop a resurgent Moscow in its tracks long enough to rotate the troops, resupply, and fortify. Part of the answer is playing out right now in the skies over Russia. Over the past two weeks, at least dozens of Ukrainian drones reportedly struck
While India has also remained a critical market for Russian oil, payment issues, in part related to Western sanctions, have caused delays in the trade of oil between the two countries.
The Security Service of Ukraine (SBU) drones have recently successfully attacked 12 oil refineries in Russia, a source told Ukrainska Pravda, including an overnight attack on March 17 of an oil refinery in Slavyansk-on-Kuban in Krasnodar Krai.
A fire broke out at an oil refinery in Slavyansk-on-Kuban in Krasnodar Krai, Russia, amid reports of explosions and a possible drone attack overnight on March 17.
Certain "technological facilities" of the Novoshakhtinsk oil refinery in Rostov Oblast have shut down after an overnight drone attack, Rostov Oblast Governor Vasiliy Golubev said on Telegram on March 13.
Global Terminal Services (GTS), which operates the Dortyol terminal, said it would not accept products from Russia any longer.
Bulgaria halted Russian oil imports this week as part of the European Union's ban on Russian oil, thereby ending a two-year embargo exemption, the Bulgarian news outlet BGNES reported on March 1.
A new U.S. sanctions package against Russia may threaten Russian oil exports to India, a major source of funding for its invasion of Ukraine, Reuters reported on Feb. 28.
Former lawmaker Serhii Pashynskyi, suspected of illegally appropriating almost 100,000 metric tons of state-owned oil in 2014, was released from custody on bail, Pashynski said on social media on Feb. 27. The bail was set at Hr 272.5 million ($7.1 million).
As Western sanctions designed to cripple Russian energy exports barely slow them down, the Kremlin continues to make enough money to keep its war against Ukraine going indefinitely, just by selling oil to China and India. After pivoting away from Europe, Moscow found enthusiastic buyers in Beijing and New Delhi.
The sanctions announced by OFAC on Feb. 8 were targeted at three companies based in the United Arab Emirates (UAE) and one in Liberia. The last company to be sanctioned by OFAC for violating the price cap in January 2024 was also registered in the UAE.
While European leaders have poured cold water on Ukraine’s ambitious hope of a quick ascension to the EU, efforts continue to bring the eastern nation closer to achieving its long-awaited goal. Ever since Russia unleashed its full-scale invasion of Ukraine, President Volodymyr Zelensky and his top officials have repeatedly
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