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China refuses to accept russian oil tankers after new US sanctions

Three tankers with more than 2 million barrels of russian oil are floating in waters off eastern China and cannot be unloaded after the U.S. imposed new sanctions on russia's largest oil companies on Friday, January 10.

This is reported by Ekonomichna Pravda with reference to Bloomberg.

It is noted that the tanker Huihai Pacific was supposed to arrive in Dongjiakou in Shandong province on January 15 after loading almost 770,000 barrels of ESPO crude oil from the russian Pacific port of Kozmino earlier this month.

However, over the weekend it changed course and is now parked at sea with its oil loaded.

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According to the publication, this vessel, along with many others, has fallen under the most aggressive package of measures aimed at exporting russian oil since the invasion of Ukraine in early 2022.

Another tanker, the Mermar, left Kozmino on January 5 with more than 755,000 barrels of ESPO and was due to enter the port of Yantai this week, but is now waiting off the coast.

The Olia left the russian port on January 7 with almost 709,000 barrels of the grade, and was also headed to Yantai but is now in the Yellow Sea.

The tankers are not being shipped days after Shandong Port Group Co., which operates several ports in the province, urged terminals to stop allowing oil tankers under sanctions to dock or unload cargo.

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As the Ukrainian News agency earlier reported, on January 10 the U.S. Treasury Department announced new sanctions against russia.

The restrictions include Gazprom Neft and Surgutneftegaz, tankers of the “shadow fleet”, oil traders and a number of companies.

The new sanctions of the United States of America affected 143 tankers from the so-called "shadow fleet", with the help of which the aggressor country exports oil bypassing restrictions. In 2024, these tankers provided more than 40% of oil exports by sea.

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