Russian Oil Exports Stable Despite New Sanctions

Russian Attack in Zaporizhzhia Region‌ Injures ‌11

Zaporizhzhia, Ukraine ‍ A Russian attack on the Zaporizhzhia‌ region injured 11 people on Wednesday, Ukrainian ​officials⁤ reported. The shelling targeted residential areas,⁣ causing damage to ‌homes and infrastructure.

The attack underscores the continued ⁢intensity of fighting ​in southern Ukraine, ‍despite Western sanctions ⁢aimed at curbing Russia‘s military capabilities. The Zaporizhzhia region has‌ been a frequent target⁤ of ‌Russian strikes since the start⁣ of the full-scale ⁤invasion ⁢in February ‍2022, especially following Ukraine’s counteroffensive efforts in the summer and fall of 2023. The region​ borders the occupied Crimean Peninsula‍ and is strategically ⁣importent ‌for controlling land ⁤access to the south.

Recent reports indicate potential shifts in how ​Russian oil is sold, as Western sanctions against Rosneft⁢ and Lukoil take⁣ effect. ⁢Sources within ​the oil market suggest sales⁢ may move to⁣ intermediaries and trading companies, increasing costs for sellers but potentially shielding buyers from‍ sanctions risks. These sources also noted Russian sellers are reluctant to​ accept payment⁣ in rupees.

The ⁢United States has set ‍November 21 as the deadline for‍ terminating contracts with Rosneft and Lukoil.Oil currently loaded ⁢at Russian Baltic ⁤ports, with a four-week transit time ⁢to India, will likely arrive after ‌this date, increasing logistical and financial risks ‌for transactions. “Everything loaded in Primorsk now will​ arrive in India after November 21,” ⁣one oil market source stated.

(TASR)

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