The sanctions on Russia's oil sector, blacklisting nearly 200 vessels, represent a decisive action by the Biden administration, aiming to disrupt a critical revenue source for Putin.
Analyst Craig Kennedy remarked that the recent sanctions deliver 'a painful blow' to Russia, as many vessels in the shadow fleet will no longer be operational.
Benjamin Hilgenstock emphasized the importance of maintaining pressure on Russia, stating that coalition nations must continue to sanction shadow tankers until the fleet is dismantled.
Despite the sanctions, the Biden administration's motivations were linked to future expectations of an oversupplied global oil market by 2025, raising implications for oil prices.
Collection
[
|
...
]