Quotes
Removing Ingosstrakh from the market creates a vacuum that will inevitably be filled by fly-by-night insurers,
the company said by email
It undermines the confidence in Moscow that they'll be able to keep a crisis from suddenly occurring that will break this illusion that Russia is somehow resilient and able to fight as long as they need to,
said Kennedy
You need to comply with the price cap, or you have to go through various contortions to try to falsify the pricing of your oil,
said KennedyWith a stroke of a pen in Washington, they were able to render $40 million tankers useless by the dozen,
said KennedyIt means that some of the vessels they thought they could rely on are going to have to be laid up in harbors around the world and will no longer be useful,
he told DWOil has become immensely important now for Russia,
said KennedyThe less revenue Russia earns from oil, ... the sooner peace will be restored."
he wrote on platform XCoalition countries need to continue sanctioning shadow tankers until the shadow fleet is history,
he said.jpg)
It is clear that the United States will continue to try to undermine the positions of our companies in non-competitive ways, but we expect that we will be able to counteract this,
Kremlin spokesman Dmitry Peskov said
The most critical element of the sanctions was the new barriers for the sale of Russian crude oil and oil products on international markets, which will most likely lead to a temporary increase in the price discount for Russian liquid hydrocarbons while logistics and traders adapt to difficulties,
Moscow-based Sinara Bank said in a noteI think that within three to six months companies will find a way out of the situation, but the short-term prospects are a cause for concern,
a trader in Russian oil saidThat capability will be partially limited,
she said in a noteSome buyers may choose to ignore these sanctions, and Russia may also rely more heavily on those tankers in the shadow fleet that are not sanctioned to continue the trade,
it saidIf we get Russian crude from a non-sanctioned entity which is below the price cap, I am sure we will be happy to look at it,
the Indian government official said,We are the third-largest consumer. Russia will find ways to reach us,
the official addedIn the next two months we do not anticipate major problems because the ships that are in transit will come through. Going forward, it's early days yet to anticipate the impact, how discounts shape up, if somebody is willing to sell below the $60 price cap,
he saidThe tankers Huihai Pacific, Mermar, and Olia are all holding off the coast of China after departing with loads of oil from Russia, per AIS data from @MarineTraffic."
Open source intelligence X account OSINT technical posted
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The United States is taking sweeping action against Russia's key source of revenue for funding its brutal and illegal war against Ukraine."
Treasury Secretary Janet Yellen said on FridayThese sanctions will significantly reduce the fleet of ships available to deliver crude from Russia in the short term, pushing freight rates higher,
Wright saidAlready, prices are rising for Middle Eastern grades,
said an Indian oil refining official