US, South Korea launch task force to combat illegal shipment of oil to North Korea
The two countries also said they were increasingly concerned that Russia has been providing refined oil to North Korea.
Oil
Bloomberg: Russian oil trade feels pressure of Western sanctions in India
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 effort may not be as formidable as it looks
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
Ukrainian drones hit one Russian oil refinery after another
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
Bloomberg: China on track to receive record levels of Russian oil imports in March
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.
Media: 12 Russian oil refineries successfully hit in recent attacks by Ukraine
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.
Russian media: Oil refinery in Krasnodar Krai hit by drones
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.
Russian oil refinery partially shuts down after drone attack
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.
Reuters: Turkish oil terminal refuses Russian imports amid US sanctions
Global Terminal Services (GTS), which operates the Dortyol terminal, said it would not accept products from Russia any longer.
Bulgaria will stop importing Russian oil
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.
Reuters: US sanctions may threaten Russian oil sales to India
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.
Ex-lawmaker Pashynskyi released on bail
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).
Sanctions for show: Russian oil sales to China, India single main driver of Ukraine invasion
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.
US announces new sanctions aimed at enforcing price cap on Russian oil
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.
EU diplomats visit Lviv in show of support for Ukraine’s quest for candidate status
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
Ukraine allegedly loses $40 million in taxes due to shady gasoline production
Ukrainian imports of chemical solvents skyrocketed by 86% to 132,000 tons in 2021, according to the Kyiv-based A-95 consulting group. While such chemicals are commonly used in the paint and varnish industry, in Ukraine, the increase in imports of solvents points to a different trend. “This is a booming
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