Russia faces higher costs on sea-borne oil exports due to new US sanctions
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 13 2025
0mins
Source: Reuters
Impact of U.S. Sanctions on Russian Oil: New U.S. sanctions targeting Russia's oil industry are expected to increase costs for Moscow and complicate its crude exports, particularly affecting the shadow fleet that has helped circumvent previous restrictions. Analysts predict a temporary rise in the discount for Russian oil as traders adapt to these changes.
Response from Russia and Global Market Outlook: The Kremlin warns that these sanctions could destabilize global energy markets, while India anticipates no immediate disruption to Russian oil supplies. Experts suggest that despite the sanctions, Russia may find ways to maintain its oil trade through non-sanctioned tankers and continued sales to countries like India.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
