Sanctions Applied to Diesel Shipments from South Korea to Russia
What happened
More than 176,000 tonnes of diesel fuel was shipped from South Korea to Russia during July and August. This fuel was transported across 14 voyages by seven tankers. Three of the vessels involved were subject to sanctions from the UK and the European Union.
From indiatimes.com
Why it matters
The shipments occurred as Russia sought imports to offset falling domestic fuel production. The use of sanctioned tankers and ship-to-ship transfers in South Korean waters makes tracing the cargo's origin difficult.
South Korea is facing a geopolitical dilemma by simultaneously shipping fuel to Russia via sanctioned tankers and providing humanitarian aid to Ukraine.
From indiatimes.com
Who's involved
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- EuropeSpeculative
Europe could face regulatory friction and compliance costs due to the circumvention of UK and EU sanctions.
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Part of
South Korea fuel shipments to Russia amid Ukraine tensionsAlso in this story
- South Korea raised its coal imports from Russia.
- An ambassador has been recalled amid strained bilateral ties involving Lee Jae Myung and Kyiv.
- The Seoul government is disputing relations with Kyiv and is accused of benefiting Russia, while facing criticism over North Korean prisoners.