The G-7 plan to squeeze Russia’s oil profits hinges on the EU revising its own sanctions. Those revisions face opposition.
Sanctions have put two of Volga-Dnepr’s three cargo airlines out of action. The Russian airline is grasping for lifelines.
Fallout from the Ukraine-Russia war and concerns over power supply in Europe and Asia support demand for seaborne coal.
Kpler: Russian crude exports in April highest since June 2019
Amsterdam airport lost a major cargo customer because of Russia’s invasion of Ukraine.
Without sanctions, tankers will keep loading Russian oil. ‘We’re not taking a moral high ground,’ says Frontline’s CEO.
“The only reason for an oil tanker to go to Saldanha Bay is to unload the oil into storage,” says an industry consultant.
Air Lease Corp. is writing off $800 million worth of aircraft it can’t reclaim from Russian airlines – another reason leasing could be more expensive.
The U.S. government is preventing the sale of any item to a Russian cargo airline it accuses of flying U.S.-made aircraft in violation of sanctions.
Russian imports via ocean, truck, rail and air are now being simultaneously squeezed. Shipping data shows growing pressure.
