US sanctions pressure on Russian oil is faltering

Despite the tightening of sanctions, Russian oil export volumes continue to rise. In the last month, shipments increased by 300,000 barrels per day, marking the largest increase since the beginning of 2023.

Are the restrictions not working?

US sanctions aimed at weakening the Russian oil sector are facing significant difficulties. According to Bloomberg, even the new restrictions on the Russian tanker fleet have already begun to falter. A number of vessels that had been under sanctions for over a year have returned to sea, resuming shipments.

As a result, in recent weeks, Russian oil exports reached 3.37 million barrels per day, an increase of 300,000 barrels. This is the largest jump since January 2023, indicating that Washington's attempts to reduce Moscow's revenues from energy sales are proving ineffective.