Russian Oil Tankers List Singapore as Destination Amid Sanctions and Shift to China, LSEG Data Shows

Rosneft's Russian-flagged crude oil tanker Vladimir Monomakh transits the Bosphorus in Istanbul, Turkey, July 6, 2023. REUTERS/Yoruk Isik/File Photo

Russian oil tankers are increasingly listing Singapore as their official destination, signalling a shift in export flows from India to China and growing concerns over Western sanctions, traders said and LSEG shipping data shows.

LSEG data shows tankers carrying about 1.4 million metric tons of Russian crude departed for Singapore in January, the highest monthly volume in recent years.

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by Reuters

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