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Russia News

13 Feb 2025

Patrolling the Baltic, Estonian Navy is Prepared to Stop Vessels

Copyright Wojciech Wrzesień/AdobeStock

Estonia's navy is prepared to act against vessels that pose a danger to Baltic Sea infrastructure even if they are in international waters, a senior official patrolling the busy Gulf of Finland shipping lane said.The Baltic Sea region is on alert and the NATO alliance has boosted its presence after a series of power cable, telecom and gas pipeline outages since Russia invaded Ukraine in 2022. Most were caused by civilian ships dragging their anchors.While some of the underwater breaches have been ruled accidental…

12 Feb 2025

Russian Traders Scramble for Sanction-Proof Tanker Vessels

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Russia may be forced to reduce its oil production in the coming months as U.S. sanctions restrict access to tankers needed for exports to Asia, while Ukrainian drone attacks continue to damage key refineries.Last month, the U.S. imposed sanctions targeting 180 Russian tankers, coinciding with an escalation in Ukrainian drone strikes aimed at strengthening Kyiv’s bargaining position. These developments come amid growing expectations that U.S. President Donald Trump will pressure Russian President Vladimir Putin to negotiate an end to the war in Ukraine.

04 Feb 2025

Russia Seaborne Diesel Exports Rise

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Russia's seaborne diesel and gasoil exports rose almost by a quarter in January from December as traders sought to increase supplies before new U.S. sanctions come into effect and amid seasonal low domestic demand, LSEG and market sources data show.The U.S. Treasury announced sweeping new sanctions against the Russian energy sector on Jan. 10, targeting two major oil companies, dozens of traders and some 180 vessels.A transition period allows cargoes to be discharged from sanctioned tankers until Feb.

27 Jan 2025

Trump Repeats Call for OPEC Action Against Russia

© Vladimir / Adobe Stock

Oil prices slipped on Monday after U.S. President Trump called on OPEC to reduce prices following the announcement of wide-ranging measures to boost U.S. oil and gas output in his first week in office.Brent crude futures LCOc1 dropped 53 cents, or 0.68%, to $77.97 a barrel by 0430 GMT after settling up 21 cents on Friday.U.S. West Texas Intermediate crude CLc1 was at $74.16 a barrel, down 50 cents, or 0.67%.Trump on Friday reiterated his call for the Organization of the Petroleum…

16 Jan 2025

Sanctioned Tanker Discharges Oil in China

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A tanker subject to the new U.S. sanctions is discharging Russian oil at a port operated by Shandong Port Group in east China, shipping data on LSEG Eikon showed on Thursday.The tanker is the first since last week's sanctions announcement to discharge in Shandong province where many of China's independent refineries that have been big importers of Russian crude are based.It will be monitored closely by those in the industry anxious to know how strictly the measures will be implemented.The sanctions include a grace period exempting cargoes loaded before Jan.

12 Jan 2025

New Sanctions Expected to Have Severe Consequences for Russia

© Trevor Benbrook / Adobe Stock

Chinese and Indian refiners will source more oil from the Middle East, Africa and the Americas, boosting prices and freight costs, as new U.S. sanctions on Russian producers and ships curb supplies to Moscow's top customers, traders and analysts said.The U.S. Treasury on Friday imposed sanctions on Russian oil producers Gazprom Neft and Surgutneftegas, as well as 183 vessels that have shipped Russian oil, targeting the revenues Moscow has used to fund its war with Ukraine.Many…

03 Jan 2025

Subsea Sabotage in the Baltic Sea - a Timeline for Perspective

Nord Stream 1 and Nord Stream 2, built across the Baltic Sea by Russia's state-controlled Gazprom GAZP.MM to pump natural gas to Germany, were damaged on Sept. 26, 2022. Copyright scaliger/AdobeStock

A Finnish court today denied a request for the release of an oil tanker suspected by police of damaging an undersea power line and four telecommunications cables in the Baltic Sea last week. The incident was one of several since 2022 in which underwater critical infrastructure in the Baltic Sea has suffered suspicious damage. Baltic Sea nations are on high alert and NATO has said it will boost its presence in the Baltic Sea.The following is a timeline of major 'incidents' since September 2022 following Russia's invasion of Ukraine.SEPT 2022: NORD STREAM BLASTSNord Stream 1 and Nord Stream 2…

03 Jan 2025

Finland Court Upholds Oil Tanker Seizure; Subsea Cable Sabotage Probe Continues

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A Finnish court on Friday denied a request for the release of an oil tanker suspected by police of damaging an undersea power line and four telecommunications cables in the Baltic Sea last week.Finland on Dec. 26 seized the Eagle S tanker carrying Russian oil on suspicion that it damaged the Finnish-Estonian Estlink 2 power line and the telecoms cables the previous day by dragging its anchor across the seabed.A lawyer representing United Arab Emirates-based Caravella LLC FZ, which owns the tanker…

01 Jan 2025

Russia’s Domination of European Energy Ends

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Russian gas exports via Soviet-era pipelines running through Ukraine came to a halt on New Year's Day, marking the end of decades of Moscow's dominance over Europe's energy markets.The gas had kept flowing despite nearly three years of war, but Russia's gas firm Gazprom said it had stopped at 0500 GMT after Ukraine refused to renew a transit agreement.The widely expected stoppage will not impact prices for consumers in the European Union - unlike in 2022, when falling supplies from Russia sent prices to record highs…

30 Dec 2024

Vessel Owner Presses Finland to Release Tanker

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In the case of the oil tanker suspected of purposefully dragging its anchor to break a subsea power line and telecom cables, the plot thickens.The owner of an oil tanker seized by Finland on suspicion of breaking the power line and four telecoms cables in the Baltic Sea last week is seeking the release of the ship, a lawyer representing the company said on Monday. Finnish police and coast guard officials boarded the Cook Islands-registered Eagle S on Thursday and brought it to…

28 Dec 2024

Vessel Targeted for Subsea Cable Damage Moved Closer to Finnish Port

Copyright Lev Karavanov/AdobeStock

Finnish authorities are moving an impounded tanker closer to port after boarding the vessel carrying Russian oil earlier this week on suspicion it had damaged an undersea power line and four telecoms cables.Baltic Sea nations have been on high alert after a string of outages of power cables, telecom links and gas pipelines since Russia invaded Ukraine in 2022, and NATO said on Friday it would boost its presence in the region.The Cook Islands-registered ship, named by authorities as the Eagle S…

27 Dec 2024

Medvedev Hurls Accusations at Norwegian Vessel; Photos Suggest Otherwise

Image courtesy Bulkship Management website: https://bulkship.no/737-2/

A Norwegian shipping company rejected an accusation from Dmitry Medvedev, deputy chairman of Russia's Security Council, that it refused to rescue sailors from a sinking Russian cargo ship in the Mediterranean Sea.Medvedev accused the Norwegian-flagged Oslo Carrier 3 of not coming to the aid of sailors on board the Ursa Major cargo ship, which carries out missions for the Russian Defence Ministry's military construction arm. The Ursa Major ran into trouble on Monday and then sank…

27 Dec 2024

NATO Bolsters Baltic Sea Ops in Wake of Cable Sabotage

East Coast-based Naval Special Warfare Operators (SEALs) conduct maritime training with Lithuania Special Operators and Portuguese Naval Special Operators from Special Actions Detachment (DAE) as part of Flaming Sword 24, which brought together NATO Special Operations Forces from six Allied nations, to test their readiness to conduct operations in response to increased aggression against its allies. Flaming Sword 24 allows special operations forces to enhance their warfighting skills, build inte

NATO will boost its presence in the Baltic Sea after the suspected sabotage this week of an undersea power cable and four internet lines, while alliance member Estonia launched a naval operation to guard a parallel electricity link. Finland on Thursday seized a ship carrying Russian oil on suspicion the vessel had caused an outage of the Estlink 2 undersea power cable linking it with Estonia and fibre optic lines, and on Friday said it had asked NATO for support.Baltic Sea nations are on high alert for acts of sabotage after a string of outages of power cables…

26 Dec 2024

Finland Boards Vessel Suspected of Cutting Subsea Cables

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Finnish authorities said they boarded and took control of an oil tanker travelling from Russia on December 26, 2024, on suspicion it caused the outage of an undersea power cable and three internet lines connecting Finland and Estonia a day earlier.The Cook Islands-registered ship, named by authorities as the Eagle S, was boarded by a Finnish coast guard crew which took command in the Baltic Sea and sailed the vessel to Finnish waters, a coast guard official told a press conference."From our side we are investigating grave sabotage…

26 Dec 2024

Russia's LNG 'Shadow Fleet' Runs Full Steam Ahead

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A sanctioned LNG tanker named "Mulan", which approached Novatek's SAAM FSU floating storage facility in Murmansk on December 21, is currently sailing around Northern Europe and heading towards Port Said in Egypt, according to LSEG data. The vessel is expected to arrive at its destination on January 6, 2025.Another LNG tanker, "Pioneer", has entered the transshipment zone at the Koryak FSU floating storage facility in Kamchatka, according to LSEG data.The Pioneer and Mulan are…

16 Dec 2024

US Hits North Korea and Russia with More Sanctions

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The United States hit North Korea and Russia on Monday with new sanctions that the Treasury Department said targeted Pyongyang's financial activities and military support to Moscow.The sanctions, which list North Korean banks, generals and other officials as well as Russian oil shipping companies, are the latest U.S. measure aimed at disrupting North Korea's support to Russia's war in Ukraine.The North Korean banks targeted include Golden Triangle Bank and Korea Mandal Credit Bank…

16 Dec 2024

Russia Testing NATO’s Baltic Security

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Russia is disrupting mobile communications and ship-tracking data across the Baltic Sea, endangering vessels and energy supplies to test how Western powers will respond, a Polish admiral overseeing the area said.Vice Admiral Krzysztof Jaworski said Moscow was systematically using such tactics to hide the movements of its own vessels and disrupt the operations of others in the sea which is bordered by eight NATO countries and Russia."Hybrid war in the Baltic is the biggest challenge we are facing…

16 Dec 2024

Western Nations to Disrupt and Deter Russian Shadow Fleet

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Twelve Western countries have agreed measures to "disrupt and deter" Russia's so-called shadow fleet of vessels in order to prevent sanctions breaches and increase the cost to Moscow of the war in Ukraine, Estonia's government said on Monday.The measures were agreed by Germany, Britain, Poland, the Netherlands, the five Nordic nations and the three Baltic states, said Estonia, where leaders of the 10-nation Joint Expeditionary Force were due to meet on Tuesday.Western nations…

16 Dec 2024

EU Sanctions Target Shadow Fleet

Source: European Commission

The European Commission has welcomed the EU Council's adoption of the 15th sanctions package against Russia. The focus of this package is to keep cracking down on Russia's shadow fleet.With this package, the EU has, for the first time, imposed ‘fully-fledged' sanctions (travel ban, asset freeze and prohibition to make economic resources available) on various Chinese actors.The 15th package includes anti-circumvention measures. It targets 52 new vessels from Russia's shadow fleet, increasing the total number of such listings to 79.

15 Dec 2024

Two Russian Tankers Flounder in Storm

Source: YouTube

A Russian oil tanker carrying thousands of tonnes of oil products split apart during a heavy storm on Sunday, spilling oil into the Kerch Strait, while another tanker was also in distress after sustaining damage, Russian officials said.The vessels were in the Kerch Strait between mainland Russia and Crimea, which Russia annexed from Ukraine in 2014, when they issued distress signals.Russian investigators opened two criminal cases to look into possible safety violations after at least one person was killed when the 136-metre Volgoneft 212 tanker…

04 Dec 2024

Wheat Export Tariffs Likely to Slow Shipments from Russia

Courtesy BIMCO

“Between January and November 2024, Russian seaborne dry bulk exports have decreased 5% y/y, driven by a 10% y/y decrease in coal shipments. The price competitiveness of Russian coal has deteriorated, compared to Mongolian, Indonesian and Australian cargoes, and a gradual increase in exports over land to China has also contributed to this decline,” says Filipe Gouveia, Shipping Analyst at BIMCO.So far this year, wheat and fertilizer shipments from Russia rose 6% and 7% y/y respectively.

02 Dec 2024

Russia's VTB to buy Zvezda Shipbuilding yard from Rosneft

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Russia's second largest lender VTB will acquire the Zvezda shipbuilding yard from oil company Rosneft but the deal is still in its early stages, VTB CEO Andrei Kostin told Reuters.VTB is currently running Russia's United Shipbuilding Corporation (USC), Russia's largest shipbuilder, which operates about 40 shipyards, design offices and repair yards across Russia, employing 95,000 staff."The deal is at the very beginning. There are basic agreements.

27 Nov 2024

EU Eyes Tanker Vessels, China Firms for More Sanctions

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European Union envoys will discuss a 15th package of sanctions in response to Russia's 2022 invasion of Ukraine, including on tankers carrying Russian oil and Chinese firms involved in making drones for Moscow, EU diplomats said.A total of 29 entities and 54 individuals are lined up to be added to more than 2,200 on the existing sanctions list, which bans travel and freezes their assets within the 27-member bloc, the diplomats said.