Core Viewpoint - The European Union has decided to extend economic sanctions against Russia for an additional six months, until July 31, 2026, in response to ongoing geopolitical tensions [1] Group 1: Sanction Measures - The sanctions include a ban on the import or transit of maritime crude oil and certain petroleum products from Russia [1] - Several Russian banks have been excluded from the SWIFT financial messaging system [1] - The EU has suspended broadcasting licenses for multiple media outlets identified as "providing false information supported by the Kremlin" within the EU [1] - Special countermeasures against sanction evasion have been introduced [1] Group 2: Areas of Impact - The sanctions cover multiple sectors including trade, finance, energy, technology, dual-use items, industry, and transportation [1] Group 3: Support for Ukraine - The EU will continue to provide political, financial, economic, humanitarian, military, and diplomatic support to Ukraine [1] - The EU is prepared to increase pressure on Russia, including the possibility of additional sanctions if necessary [1] Group 4: Sanction Timeline - The current round of economic sanctions against Russia is set to expire on January 31, 2026 [1]

Core Insights - Russian seaborne crude oil shipments have declined for the third consecutive week, reaching a two-month low, which negatively impacts Kremlin's revenue [1] - In the four weeks ending November 9, Russia exported an average of 3.45 million barrels per day, a decrease of approximately 130,000 barrels compared to the previous period [1] - U.S. sanctions on Russia's largest oil producers have led to reduced purchasing from some Asian buyers, complicating the visibility of ongoing procurement cuts [1] Shipping and Destination Insights - Approximately 35% of the vessels loaded in the past four weeks have not disclosed their final destinations, indicating an increase in Russian crude oil waiting to be delivered [1] - Most of the vessels with undisclosed destinations are reportedly heading towards Egypt's Suez Canal, suggesting they are likely bound for Asia [1] - Final buyers will only be confirmed once these vessels arrive at their destinations [1]

Group 1 - Qatar has set the shipping price for June crude oil at a premium of $0.80 per barrel over Oman/Dubai crude prices for marine shipments [1] - The land transportation crude oil price is set at a premium of $0.70 per barrel over Oman/Dubai crude prices [1]