Freight rates for Russian ESPO Blend oil loading from the Far Eastern port of Kozmino have jumped fivefold amid a lack of vessels after fresh U.S. sanctions cut availability of tankers, three traders said and data showed.

A growing portion of Russia's oil tanker fleet is being forced to reflag as U.S. and U.K. sanctions intensify pressure on Moscow's shipping network, Bloomberg reported on Jan. 23. The removal of these flags disrupts Russia's oil export logistics,

At least 65 oil tankers have dropped anchor at multiple locations, including off the coasts of China and Russia, since the United States announced a new sanctions package on Jan. 10, ship tracking data showed on Monday.

A decline in shipments in the seven days to Jan. 19 kept four-week flows below 3 million barrels a day for a fourth week

An oil tanker believed to be part of Russia’s efforts to evade sanctions went adrift and had to be towed by a German tugboat Friday in what Germany's foreign minister called a danger to security and tourism in the Baltic Sea.

Six Russian oil tankers still under construction by Russia's Zvezda shipyard were included in U.S. sanctions imposed last week, the first time Washington is known to have banned tankers before they even set sail,

Middlemen supplying Russian oil are not offering cargoes due to new U.S. sanctions targeting Russian producers, tankers and insurers, according to the finance chief at Indian refiner Bharat Petroleum.

The recent implementation of new US sanctions targeting Russian oil producers, tankers, and insurers has created a disruption in the supply chain. Middlemen who were previously involved in supplying Russian oil to Indian refiners,