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Citing Chevron Tanker, Ukraine Seeks Tougher Restrictions at Russian Ports

"A top Ukrainian official criticized companies in the United States and Greece for helping Russia continue to profit from oil despite its attack on Ukraine."

"Oil tankers from around the world, including several chartered by U.S.-based companies, are continuing to transport millions of barrels of oil out of Russian ports, a top adviser to Ukraine’s president said, as he made a plea to the White House to restrict all trade in Russian oil by American companies.

In an interview from Kyiv overnight on Tuesday, Oleg Ustenko, an economic adviser to President Volodymyr Zelensky, also urged the chief executives of Western oil and gas companies to pledge to not handle oil from Russia, and to hire independent accounting firms to verify that no Russian oil is being loaded onto their ships.

“We’re talking about supplying Russia with bloody money that they’re using to feed a military machine that is killing my people,” Mr. Ustenko said. “We need a full embargo, a full boycott. All Russian ports must be closed.”

Complicating the picture is the fact that one of Russia’s major oil terminals, the port of Novorossiysk, on the Black Sea, is a hub for a pipeline that carries oil from neighboring Kazakhstan that is blended with Russian oil, according to the pipeline’s operators. Experts say that can make it difficult to pinpoint the oil’s origin."

Hiroko Tabuchi reports for the New York Times March 16, 2022.

Source: NYTimes, 03/17/2022