Georgia’s New Oil Hub Could Offer a Lifeline to Russia’s Shadow Fleet

Georgia’s New Oil Hub Could Offer a Lifeline to Russia’s Shadow Fleet

Russian officials have potentially opened a new revenue stream to help them generate profits from oil exports needed to keep their war effort going in Ukraine. And it runs through Georgia. Moscow is dealing with growing energy isolation and a wave of Ukrainian drone strikes that have crippled its oil infrastructure, reducing refining capacity by roughly 40 percent, according to a Washington Post report. Georgia is now providing a safe haven for …

Russia’s oil exports hold steady, fresh sanctions yet to make impact

Newly imposed U.S. and EU sanctions targeting Russia and its oil giants Rosneft and Lukoil have yet to disrupt physical crude shipments from the country’s western ports, according to LSEG data and market sources

Ruble strengthens as sanctioned oil companies repatriate cash

The Russian ruble strengthened after the Trump administration imposed oil sanctions on Russia’s leading oil companies, extending a rally that began after the Biden administration imposed oil sanctions on Russia in January.

Russia’s Western Oil Exports Hold Steady Despite New U.S. and EU Sanctions

Newly imposed U.S. and EU sanctions targeting Russia and its oil giants Rosneft and Lukoil have yet to disrupt physical crude shipments from the country’s western ports, according to LSEG data and market sources.