Russian crude oil exports at sea fell to their lowest point in almost two years in the past week, Bloomberg reported on Tuesday, a significant decline in the aftermath of the administration of President Donald Trump imposing sanctions on Russian oil giants Rosneft and Lukoil. Bloomberg reported that part of the reason for the decline appeared to be the cancelation of Russian orders from two of China’s largest oil processors, Sinopec and PetroChina Co., after the Rosneft and Lukoil sanctions. While a fuel purchaser, the Turkish government, which has also controversially sought to purchase Russian missiles, is an enthusiastic supporter of ending the Ukraine invasion and has mediated on several occasions to ensure shipments of grain and other necessities to Ukraine.
Author: Frances Martel
Published at: 2025-11-05 21:58:27
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