Archive · 21 Nov 2025
US Sanctions on Russian Oil Companies Stranding Millions of Barrels at Sea
The US is putting sanctions on two big Russian oil companies.
This means that almost 48 million barrels of Russian oil might be stuck on ships at sea.
Asian countries like India are quickly looking for other places to get oil from.
This could cause problems in the global oil market because there might not be enough oil to go around.
US sanctions on Russian oil companies Rosneft and Lukoil take effect on November 24
Nearly 48 million barrels of Russian crude oil may be stranded at sea due to sanctions
Asian buyers, including India, rush to find alternative oil supplies and destinations for tankers
High freight rates and potential supply disruptions may impact global oil markets
Russia maintains sizable seaborne shipments, around 3.4 million barrels a day
- Who
- US, Russian oil companies Rosneft and Lukoil, Asian buyers like India
- What
- US sanctions on Russian oil companies, potential oil supply disruptions
- When
- November 24, 2022 onwards
- Where
- Global oil markets, particularly Asia
- Why
- US pressure on Russia regarding the conflict in Ukraine
US Administration's Stance
Russian Oil Industry's Stance
Russian Crude Oil Exports
US Administration's Stance
Sanctions to be imposed on major companies
Russian Oil Industry's Stance
Maintaining sizable seaborne shipments
- Russian Crude Oil in Transit/Loading
- Nearly 48 million barrels
- Tankers Affected
- Around 50, heading towards China, India, and other destinations
- Russian Seaborne Shipments
- Around 3.4 million barrels a day
Sources
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