https://www.reuters.com/markets/comm...ts-2025-01-28/
Quote:
SINGAPORE, Jan 28 (Reuters) - Trade for March-loading Russian oil in top buyer Asia has stalled as a wide price gap between buyers and sellers emerged in China after costs for chartering tankers unaffected by U.S. sanctions jumped, according to traders and shipping data.
Washington imposed fresh sanctions on Jan. 10 targeting Russia's oil supply chain, causing tanker freight rates to soar as some buyers and ports in China and India steered clear of sanctioned ships.
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You know what else is probably making India and China less interested in doing business with the Russian shadow fleet?
Russian dark fleet ships, some of which are registered in China, getting into trouble with NATO authorities at the Baltic Sea for stupid undersea cable sabotage stuff, maybe?
I'm sure China has been just loving being dragged into an absolute mess of international diplomacy, shipping law and police action halfway across, especially when it's all about not super important local infrastructure that really doesn't affect or interest them even a little bit.
I'm sure it's more about the price of oil because everything is about money, but these are the kinds of situations where you really start noticing how much of goodwill from your main trading partner you've been burning.