Last week, Russia recorded a three-month drop in seaborne oil exports after Moscow quickly redirected its exports after US sanctions on major energy companies. This was reported by The Moscow Times, citing market analysts, Focus writes.
According to the Price Index Center, seaborne exports averaged about 320,000 tons per day between November 3 and 9 - the lowest level since mid-July. Only 23 tankers left Russia this week, compared to the usual 26-28. The drop comes less than two weeks after sanctions against "Rosneft" and "Lukoil".
Analysts said the temporary slowdown was due to logistical rerouting rather than a drop in demand. The sanctions allow shipowners to charge higher "risk premiums", especially on routes to Turkey, where compliance rules are strictly enforced. Freight costs rose 3.7% week-on-week, but the market is not facing an acute shortage of tankers.
India's imports of Russian oil remained steady at 3.6 million tonnes between Oct. 27 and Nov. 9, above the average for September-October. The Price Index Center predicts that freight rates will continue to rise in November, and NEFT Research expects them to end the month 10-15% higher than pre-sanctions levels.
Three-month drop in seaborne oil exports! US sanctions have caused a collapse in seaborne supplies of Russian oil
Sanctions allow shipowners to charge higher risk premiums, especially for routes to Turkey, where compliance rules are strictly enforced
Nov 17, 2025 12:17 180
