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At Least 65 Oil Tankers Halted By U.S. Sanctions Against Russia

Writer's picture: By The Financial DistrictBy The Financial District

At least 65 oil tankers have dropped anchor at various locations, including off the coasts of China and Russia, following the U.S. announcement of a new sanctions package, Reuters reported.


Analysts estimate that approximately 10% of the global oil tanker fleet is affected by U.S. sanctions.



Ship tracking data from MarineTraffic and LSEG revealed that five tankers were stationary near Chinese ports, seven off Singapore, and others near Russia in the Baltic Sea and the Far East.


Analysts estimate that approximately 10% of the global oil tanker fleet is affected by U.S. sanctions.




The sanctions, issued by the U.S. Treasury, target Russian oil producers Gazprom Neft and Surgutneftegaz and 183 vessels that have shipped Russian oil.


These measures aim to curb revenue streams that Moscow has allegedly used to fund its war in Ukraine. The recent halt in trading adds to pressures on vessels impacted by earlier sanctions, including 25 tankers stationary near Iran and the Suez Canal.



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