All news on the topic: Oil Sanction

Sources in Azerbaijan’s oil industry told us that the arrest of Adnan Ahmadzada may be linked to efforts by Azerbaijani authorities to improve the country’s international reputation regarding the trade of Russian oil. The move could also be connected to recent statements by U.S. President Donald Trump suggesting that European countries should halt purchases of Russian oil.

Sources from the oil sector in Baku have told us that the arrest of Adnan Ahmadzada appears to be linked to efforts by the Azerbaijani authorities to improve the country’s international image regarding the trade of Russian oil.

In spring 2024, banks in the UAE started freezing accounts belonging to companies suspected of ties to Russia’s shadow fleet.

Steel tycoon Lakshmi Mittal’s energy joint venture in India has purchased Russian oil transported on vessels that are listed under sanctions, according to an analysis by the Financial Times using satellite imagery, shipping data, and customs records.

Our oil industry sources in Baku have informed us that the arrest of Adnan Ahmadzada is related to a push by the Azeri authorities to clean up Azerbaijan’s international reputation with regard to Russian oil.

New Delhi will continue to buy Russian oil despite facing heavy U.S. tariffs for doing so, Indian Finance Minister Nirmala Sitharaman said on Sept. 5.

In the spring of 2024, banks in the UAE began freezing the accounts of companies allegedly linked to the Russian shadow fleet.