⛴️ After the EU’s 18th sanctions package targeting Russia’s oil sector came into effect, the first tangible consequences began to emerge. The Omni tanker, carrying around 700,000 barrels of Urals crude oil, failed to deliver its cargo to the Indian oil refinery Nayara Energy, 49.13% of which is owned by Rosneft and which is now under the new restrictions. This is the first documented case of a refusal to deliver Russian oil to Nayara following the introduction of the sanctions.
🇺🇸 The United States has imposed its most sweeping sanctions against Iran in seven years, targeting the shadow fleet that illegally transports oil from Iran and Russia. The restrictions cover more than 50 companies and individuals, as well as over 50 vessels linked to the network run by oil trader Hossein Shamkhani — the son of Ali Shamkhani, a top political advisor to the Supreme Leader of Iran. According to the U.S. Treasury, Shamkhani uses his father’s political influence and corrupt connections to manage a fleet of tankers and container ships that facilitate illicit oil and petroleum shipments worldwide.
🇹🇼 In June, Taiwan nearly caught up with India among the largest buyers of Russian oil. Reuters reports that strong regional demand and attractive prices are driving purchases of Russian crude despite ongoing international sanctions. This oil is used for producing plastics, synthetic materials, and other petrochemical products, effectively helping the Kremlin maintain its petrochemical export potential and creating yet another channel to bypass sanctions.
