Posted on 05/29/2025 4:26:28 AM PDT by janetjanet998
Tankers under U.S. sanctions, including Aframax, Captain Kostichev, and Victor Konetsky, delivered about 1 million barrels of Russian crude oil to Indian refineries last week, despite India’s stated ban on such vessels, Bloomberg reported on May 28, citing Kpler and Vortexa Ltd. Oil traders are closely monitoring purchases by India, which has become the largest importer of Russian oil since Russia's invasion of Ukraine, as well as U.S. efforts to impede these flows. The restrictions imposed by the West, which were tightened in January, are generally aimed at both ensuring the flow of oil to avoid a sharp rise in prices and limiting the benefits to Moscow.
“US-sanctioned tankers ship Russian crude to India, defying bans”
I guess I’m missing something here. What does the US have to do with ships traveling between Russia and India? Perhaps they take a detour to stop-in and visit Antifa in Seattle, or something like that, which would bring them into US waters?
I suspect that Trump is asking the same question.
So what. The US isn’t king of the world, regardless of what the politicians think.
Linda Graham seething
The scary and ominous “shadow fleet” is simply ship owners opting not to insure with Lloyd’s of London. NATO is on the verge of having its Baltic fleet sunk if it continues to harass perfectly legal Russian shipping.
God bless Co-PILOT. Here is what I found out:
1,-. AFRAMAX is 1 of a large group of tankers owned by a Greek company
2. CAPTAIN KOSTICHEV is owned by Ilmorer Shipping of Hong Kong, managed by a Singapore company
3. VICTOR KONETSKY Built also by Hyundai Industries of South Korea, also built by Hyundai, flagged under a Cyprus flag based in Hong Kong, Sen McConnel’s’ In-Laws Group
4. The UKRAINE VOICE, a digital newspaper owned by the owner of DRAGON CAPITAL, supposedly an unbiased, unaffiliated newspaper
(Owner is Dragon Capital, it’s a firm founded in 1994 and its HQ is in the city of HO CHI MINH CITY, Vietnam its chairman is a British man named DOMINIC SCRIVEN OBE a British investor who has been actively involved in Vietnams financial markets for decades.) And this is the prominent bad Americans backing Russian Oil through a Vietnam Company????
3.
Next time, Mis Lindsy, a RINO back stabber, have your crew dial in CO-PILOT on their cell phones before you shoot your 4 days a week staff mouth off....
...
“The scary and ominous “shadow fleet” is simply ship owners opting not to insure with Lloyd’s of London.”
Reminds me of “The Last Emperor” where the Emperor of China doesn’t realize that Japan now occupies his country, but does notice that his guards no longer have guns and starts asking about it. The Japanese then tell him that all is well and he’s still in charge.
Pretty much the same here - “Oh Lloyd, you’re still the only insurance game in town, just ignore all those other ships floating around with Chinese/Russian/Indian insurance, they’re not real.”
India and China have been buying Russian crude at huge discount to the Brent Sea crude spot price since the beginning of the Ukraine war.
It was as much as $30/barrel when BSC was $74.
This means that Indian oil brokers/refiners can refine this crude into diesel, gasoline and other products and sell them at a discount to the market for those products.
India has a limit on how much of crude they can refine and use domestically. They may be selling this oil to others after transloading it onto another tanker. This may be technically cheating on sanctions. However, when you can make millions in profit there is always an incentive to take that chance.
In addition, they may mix Russian crude with petroleum from other sources. Once that crude is blended it is hard to determine where it originated. So, the Russian oil that the USA and EU applied sanctions on is still getting into teh worldwide market. It just means that the Russians are selling it at a discount to the market price.
The cheaper Russia sells its oil, the more of its National Wealth Fund has to be used to make up the difference between the actual sale price and projected Russian Federal budget sale price.
Thank you. I was wondering the same thing. Since India needs and gets crude from Russia why would India ban US ships from bringing it?
Thank you. I was wondering the same thing. Since India needs and gets crude from Russia why would India ban US ships from bringing it?
Ukraine making the case that India should be sanctioned along with Russia and China, and all of Brics.
While Biden was asleep at the wheel, the ship of state was run into the ground by Anthony “Rockin” Blinken.
Cutting off diplomatic relations with Russia, and being so damn smuge about Brics along with a surge in military capabilites across the rest of world, has allowed parity.
Trump’s arguement against these new tarrifs is that we literally ISOLATE OURSELVES and not the Russians.
I smell Ukie Fear. Even Ukraine has got the majority of their oil from what Russia sends to Europe.
Ukraine - STFU. Keep whinning FAFO.
BINGO.
Trump has floated insuring these ships after the war ends. England is too smuge having lost the war.
Trump is still a businessman.
Thanks for the research. Your post reminds me of the late 90s and early 2000s on FR. We were deep thinkers back then, now mostly emotional.
“India has a limit on how much of crude they can refine and use domestically. They may be selling this oil to others after transloading it onto another tanker. This may be technically cheating on sanctions.”
How can India ‘cheat’ on sanctions that they’re no part of?
This ‘sanctions stuff’ is really weird - somehow people in the US believe that India is REQUIRED to follow US (or other Neocon) sanctions.
The western myth. Oil is not the entire economy anymore. Russia can survive without selling oil to the west. Besides Ukraine ran their entire economy on oil stolen from the pipelines going thru Ukraine to the west.
Russia really needs to destroy the oil pipeline infrastructure inside Ukraine. Oil goes both ways. If Oil cannot go thru or into Ukraine, it is a so called by-product of no Russian Oil, no western Oil/LNG.
It’s absurd to think we can or should try to stop the free flow of oil from one country to another, especially when doing so with Russia could setoff WW III.
The UK has been getting around sanctions for years.
What about that...?
Oil is the entire Russian economy - outside of producing war materials. Russia cannot survive without oil sales; their other big money maker: military crap, which, after its horrible performance in Ukraine, no one wants.
Their National Wealth Fund is drying up, as it tries to make up the difference between the actual sales per barrel and their Federal budgeted sales amount per barrel.
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