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Shipping Data: Sanctioned Tankers Involved in Russia-India Oil Trade

  • Tankers sanctioned by the United States in January have been involved in recent ship-to-ship transfers of Russian crude destined for India.
  • India stands as one of the top buyers of Russian crude oil and has indicated restrictions on allowing sanctioned tankers to discharge oil at its import terminals.
  • Three sanctioned tankers were observed loading crude from Russia's Far Eastern terminals and transferring oil to other vessels, taking part in the supply chain.
  • Indian refiners intend to continue importing Russian crude in adherence to G7 price cap and sanctions, with a significant increase in imports expected in May, led by lighter Russian grades like ESPO.

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