
In anticipation of the embargo on Russian oil, oil tanker owners have become more likely to purchase vessels that can carry cargo in icy waters, Bloomberg reported, citing data from British ship broker EA Gibson Shipbrokers.
According to the company, from May to August of this year, shipowners spent about $1 billion on used ice-class tankers, five times more than a year earlier. In total, 42 such tankers were sold during this time, while in the same period a year earlier there were 12 of them.
"Companies that intend to promote Russian exports this winter will need ice-class vessels," said Richard Matthews, head of research at EA Gibson Shipbrokers.
According to him, tankers were mainly bought by companies from China, Turkey and the United Arab Emirates.
The Kremlin denied data on oil from Russia for India is cheaper than the "price ceiling" Business
The European Union approved a partial embargo on Russian oil in early June. It will come into force on December 5 and will affect deliveries by sea. As a result, carriers of Russian oil will have to go beyond the Baltic Sea, for which they will need special vessels, writes Bloomberg.
Russian authorities consider Western sanctions illegal. According to President Vladimir Putin, such restrictions do more harm to those who impose them. At the same time, Russia "will not sell anything at a loss," said Dmitry Peskov, press secretary of the head of state. According to him, the country will reorient the flows.
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