Economics

WSJ: Russia is selling off its tankers to pay off its debts

Buyers from Asia and the Middle East lined up.

WSJ : Russia sells off its tankers to pay off debts

Russia's largest shipping company, one of the world's leaders in the transportation of liquefied gas, crude oil and oil products In the Middle East, to pay off Western banks under sanctions, according to The Wall Street Journal, citing sources familiar with the situation.

According to sources, Sovcomflot sold five tankers to Dubai's Koban Shipping and four gas carriers of Singapore's Eastern Pacific Shipping. Eastern Pacific has paid $ 700 million to the bank that became the owner of the vessels.

GFR is also in talks with companies, including China Merchants Group, to sell other tankers, the newspaper said. According to them, the ultimate owners of a number of vessels for sale may be unknown for some time.

Read also: Hungary is still dissatisfied with the EU proposals on sanctions against Russian oil

Earlier it was reported that Norwegian Greenpeace activists have tried to block Russian oil supplies. Protesting against Russia's invasion of Ukraine, they chained themselves to a fuel tanker.

The issue of restricting energy exports from Russia has been actively debated in the EU since the full-scale Russian invasion of Ukraine, and unanimity over what decision to make so far. no. Some countries have already begun to abandon exports from the aggressor country, others are trying to maintain relations with it. Mikhail Gonchar talks about the difficult situation in Europe in the article “Europe in Russia's energy trap: how to overcome dependence?”

Source: ZN

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