14 tankers with Russian oil are stuck at sea due to US sanctions and difficulties with settlements

As of January 26, 14 ships carrying Russian Sokol crude oil were stuck near the South Korean port of Yeosu.

The tankers La Balena, Nireta and Nellis, located near the port, carry approximately 3.2 million barrels of oil. Supertankers act as floating storage facilities for Russian oil, reported Reuters sources on board, currently located near the port of Yeosu.

14 tankers loaded with 10 million barrels of Russian Sokol crude oil are stuck off the coast of South Korea. They have not yet been sold due to US sanctions, the publication reported on Friday, January 26.

Difficulties with the sale of Sokol oil are one of the most serious problems faced by the Russian Federation after the introduction of Western sanctions, and one of the most serious disruptions in the export of Russian oil in two years. The United States wants sanctions to reduce revenues for the Kremlin and its war machine without disrupting the flow of Russian energy to world markets. Last year, the United States imposed sanctions on several ships and companies involved in transporting the Falcon.

The rest of the Falcon, shipped from November to January, is stored on smaller Aframax vessels with a capacity of up to 800,000 barrels. Indian Oil Corporation deliveries have been delayed due to payment problems, forcing India’s largest refiner to use its reserves and buy more oil from the Middle East. The company does not expect to receive Falcon anytime soon due to disagreements over what currency will be used for payment.

India, the largest importer of Russian oil, has reduced oil purchases from Russia and is ready to completely replace it with oil from Saudi Arabia, writes Reuters citing sources. Bharat Petroleum and Indian Oil are considering the possibility of purchasing 1 million barrels each from Saudi Aramco. oil.

Russian oil is creating more and more problems for India and is no longer as attractive. In particular, the purchase of Russian light low-sulfur oil Sokol is associated with problems when trying to make a payment, one of the agency’s interlocutors said. In addition, India has already reduced oil purchases from Russia due to unattractive discounts.

As a result, Indian Oil is looking to source more fuel from Saudi Arabia and West Africa. Moreover, Saudi Arabia in January reduced prices to the lowest level in 27 months, and the largest Indian refinery became interested in an additional order.

Let us remind you that the US Treasury Department sent letters warning of imprisonment in case of violation of the price ceiling for Russian oil to 30 companies that control up to hundreds of oil tankers. The largest Greek companies stopped transporting oil from Russia.

Yesterday our publication reported that the Tanker Marlin Luanda of the Trafigura Group was fired upon by the Yemeni Houthis January 26. It transported Russian petroleum products for the production of gasoline and plastics; the raw materials were loaded onto a ship in Greece.

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