러시아ㆍ유라시아

On January 10, 2025, the United States announced a massive sanctions action covering 183 Russian-controlled and shadow fleet ships. This round of sanctions is by far the largest such action toward limiting Russian oil tanker capacity, with especially acute implications for Russia’s Pacific ports. Yet, despite the sweeping nature of this action, global oil prices have not seen a sustained rise since the announcement—indicating additional room to sanction more shadow fleet oil tankers without risk of roiling global energy markets. This evidence justifies our prior calls for more sanctions on Russian oil tankers, in which we argued that further sanctions would weaken Russia’s trading activity while also adding to the mounting strain on the Sovcomflot fleet—with limited risk for spiking global oil prices.