India refuses to accept a Russian tanker under sanctions
The country has restricted oil purchases from Russia: its share fell to a minimum in October over the past 9 months
Over the past month, the United States has imposed sanctions on five tankers that violated the $60 per barrel price ceiling for Russian oil. After that, the vessels stopped delivering oil to consumers.
Source. This was reported by Bloomberg, which tracked the movement and location of the ships.
Of the tankers under sanctions, four are affiliated with Sovcomflot, and one belongs to a Turkish company.
The NS Century tanker has been regularly transporting oil to India in recent months. But after the sanctions were imposed on it a week ago, it went adrift off the southern coast of Sri Lanka. India's Directorate General of Shipping said it was awaiting instructions from the government on whether the ship would be allowed to unload the oil.
India has recently limited its purchases of oil from Russia: the share of the latter fell in October to a minimum in the last nine months, according to Reuters estimates.
The discount of Russian oil compared to world prices has decreased in recent months, making it less attractive. The price of Russian oil has fallen below $60 after sanctions against Putin's "shadow fleet".
In mid-October, the transponder of the SCF Primorye tanker showed that it was near Murmansk. It is still there. The Turkish Yasa Golden Bosphorus was chartered by Exxon Mobil at the time of the sanctions; because the sanctions were related to its previous voyages carrying Russian oil, the tanker, which was sailing from Canada, was allowed to unload in Houston. Since then, it has remained in the Gulf of Mexico.
Two other vessels, the Kazan and the Ligovsky Prospect, were undergoing repairs at Chinese yards when the sanctions were imposed a week ago, according to Kpler.
In recent weeks, three major Greek shipping companies have also stopped transporting Russian oil: Minerva Marine, Thenamaris and TMS Tankers, four industry sources told Reuters.
Background. As reported, the US has suspected at least 100 vessels of transporting Russian oil above the price ceiling, and they will be investigated.
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