Shandong Port Group has banned US-sanctioned tankers from its ports in Shandong province.
One of China’s largest port operators, Shandong Port Group, banned US-sanctioned tankers from entering its ports in China’s eastern Shandong province on Monday. Reuters reported this with reference to three traders.
Chinese ports are prohibited from docking, unloading, or providing ship services to vessels listed by the US Treasury Department’s Office of Foreign Assets Control (OFAC).
The operator controls major ports on China’s east coast, including Qingdao, Rizhao and Yantai, which are the main import terminals for sanctioned oil.
In a second announcement on Tuesday, January 7, Shandong Port Group said it hoped the shipping ban would have “limited impact on independent refineries as most of the sanctioned oil is transported on unauthorized tankers.”
The province imported about 1.74 million barrels per day of oil from Iran, Russia and Venezuela last year, accounting for about 17% of China’s imports, according to monitoring data on ship from Kpler.
As already reported, the United States plans to impose additional sanctions against Russia’s “shadow” fleet of oil tankers and reduce its revenue for the war in Ukraine.
Russia’s “shadow fleet” poses a threat – media
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.