Importantly, it follows the cancellation at the start of the new year of the Ukraine gas transit arrangements. According to Khakova, that amounts to a US$6 billion loss in annual revenues for Russia. That, in turn, follows collapsing revenues from reduced flows as Europe frantically sought alternative gas supplies following the invasion of Ukraine.
In detail, the chief watchdog of the shadow fleet, the US Treasury’s Office of Foreign Assets Control (OFAC), added 183 vessels including 155 tankers to the sanctioned list while also greatly widening the net. OFAC named state-owned energy giants Gazprom Neft and Surgutneftegas as well as, for the first time, their chief executives among a dozen other “specially designated individuals”.
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