A third of russian oil exports are under threat after Greece refused to transport Urals, while Japan has not yet abandoned russian gas

This was reported by the Russian publication The Moscow Times.

It is noted that the participation of Greek shipowners, who exported 10 to 20 million barrels of russian oil per month this year, fell to a minimum at the end of October.

Currently, Urals oil is mainly transported by tankers belonging to the ‘shadow fleet’. At the same time, freight rates have risen significantly since the sanctions regime was tightened.

The delivery of one batch of Urals from Primorsk and Ust-Luga to Indian ports exceeded $8 million, compared to $7 million at the beginning of the month. Some carriers have raised prices to $10 million per voyage, Reuters sources said.

However, US sanctions have not forced Japan to abandon gas imports from russia.

This was reported by Reuters, citing anonymous sources.

Prime Minister Takaichi called on Trump to show understanding, as it would be difficult for Japan to abandon russian energy sources, anonymous officials told the publication.

A week ago, Japanese Economy Minister Yoji Muto said that Japan would reduce its purchases of russian LNG, but would not be able to completely abandon them in the near future, as this would lead to an increase in electricity tariffs, Bloomberg writes.

According to Reuters, russian gas accounts for almost 9% of Japan's total russian gas imports, and Japanese companies have stakes in the Sakhalin-2 gas pipeline project in the Far East.

At the same time, Japan has increased its purchases of American LNG over the past few years, trying to spread its investments across different assets to reduce risks and increase income, the publication writes.

Source: Babel, Economic Pravda, Reuters