INSUBCONTINENT EXCLUSIVE:
More than a 3rd of tankers transferring Russian oil have actually come to a grinding halt following brand-new United States sanctions,
Reuters reported Monday, citing ship tracking data.At least 65 oil tankers were stationary in waters near Russia, off Singapores coast and
near Chinese ports, according to information from MarineTraffic and LSEG.Washington imposed sanctions last week targeting 183 shadow fleet
vessels supposedly used by Russia to bypass Western oil price caps, part of sweeping measures aimed at undercutting Moscows energy
revenues.Russia was thought to be running a minimum of 600 shadow fleet tankers in 2023, with the new sanctions apparently impacting around
10% of the international oil tanker fleet.Analysts mentioned by Reuters said non-sanctioned tankers would likely fill the gap, with India
and China increasing imports from non-Russian sources.The United States Treasury has likewise sanctioned Russian oil majors Gazprom Neft
and Surgutneftegas, along with lots of traders and insurers, in an effort to more limitation Moscows capability to generate income from
