Sanctions in the case: The Russian Federation has blocked part of the fleet for oil transportation - Bloomberg

The Kremlin's helplessness to solve the situation provoked a sharp increase in the cost of freight, while Russian oil began to become cheaper. Russia has lost its ability to use most of its tanker fleet for oil transportation. Reason: Black gold delivery breaks through US sanctions. Bloomberg writes about it. The publication states that the stringent measures of Western regulators can begin to have a significant impact on Moscow.

Thus, according to the agency, there are 50 tankers under sanctions, where Moscow was transporting its oil. But from the fall of 2023, when the sanction pressure intensified, 21 tankers are idle, and only 18 vessels were loaded with oil. "Of these, nine were coarse, and the other nine was harvested in normal mode after they were on the sanction list. There are 31 vessels, among which were staring and sanctions, and three ships are likely to appear soon cargo.

That is, only 21 tankers remain, which did not load the petroleum products as soon as the sanctions appeared, "the article said. It is also noted that this situation provoked a sharp increase in the cost of freight, while Russian oil began to become cheaper. As of February 13, according to Reuters, Brent oil futures increased by $ 0. 7 - to $ 82 per barrel. At the same time, the price of American oil brand West Texas Intermediate (WTI) has risen $ 0. 1 to $ 77 per barrel.

It is noted that the cost of oil remains high against the background of the conflict in the Middle East, where the Yemeni Husita is attacked by international vessels in the Red Sea. In this case, a more construction increase in prices is inhibit the decrease in interest rates by the Federal Reserve (Fed). Sanctions for Russian oil were put into operation in December 2022.

Then the world countries that support Ukraine in the war against the Russian Federation approved that they would not buy Russian oil, and set the upper limit of prices. And on November 16, 2023 it became known that the United States imposed sanctions against a number of companies and oil tankers for transporting Russian oil, sold at a price exceeding the established "G7".