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Tankers under US sanctions were shipping Russian oil to India

Nov 17, 2023

Three oil tankers that have been sanctioned by Washington have been regularly delivering Russian Sokol oil to India in recent months.

This was reported by Reuters.


On November 16, the United States imposed sanctions on maritime companies and ships for transporting Russian oil sold above the G7 price limit of $60 per barrel, as Washington tried to close loopholes in the mechanism designed to punish Moscow for its war against Ukraine.

The US Treasury Department has imposed sanctions on three UAE-based companies and three vessels owned by them. The sanctions include Kazan Shipping Incorporated, Progress Shipping Company Limited, and Gallion Navigation Incorporated, as well as Liberian-flagged vessels Kazan, Ligovsky Prospect, and NS Century.

According to LSEG, all three Aframax tankers unloaded Russian Sokol oil in India in September, and two of them made a voyage in October. The NS Century vessel is currently en route to discharge the Sokol crude oil at Vadinar in India.

Sokol oil is produced at the Sakhalin-1 project, which is operated by a subsidiary of Rosneft after ExxonMobil's exit. Other shareholders include India's ONGC Videsh, the overseas investment arm of the state-owned Oil and Natural Gas Corp, and Sakhalin Oil and Gas Development Co (SODECO), a consortium of Japanese firms.

Author – Anastasiya Glotova, 17/11/2023

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