On January 4th, President Zelensky enacted sanctions against 95 individuals and 70 entities involved in supporting Russia’s military-industrial complex. These sanctions, targeting both Russian and Chinese citizens, include asset freezes, trade restrictions, and transportation bans, intending to cripple Russia’s weapons production capabilities. The measures also extend to key industrial sectors like chemicals, mining, and energy. Notably, some entities targeted by Ukraine are also facing sanctions from the European Union, which recently expanded its sanctions on Russia’s “shadow fleet” of tankers.
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On December 21st, Swedish authorities detained the sanctioned Russian vessel, the Adler, after an overnight inspection following the ship’s engine failure and subsequent anchoring off the coast. The cargo ship, owned by the sanctioned M Leasing LLC, has a history of transporting Russian weapons and carrying North Korean ammunition to Russia, leading to the inspection conducted by Swedish Customs in cooperation with the Coast Guard. This action comes amid rising tensions and concerns over Russia’s “shadow fleet,” which has been linked to sabotage operations and drone launches. The case has been referred to the prosecutor for further investigation, highlighting the seriousness of the situation.
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US quietly removes sanctions from firms accused of supplying Russia’s military. Well, this is a headline that certainly gets your attention, doesn’t it? It’s the kind of thing that makes you sit up and take notice, and honestly, it’s not particularly encouraging. I mean, we’re talking about companies that have been accused of supporting Russia’s military, and the US government, in a move described as “quiet,” has decided to ease up on the restrictions. You have to wonder, what’s the reasoning behind this?
US quietly removes sanctions from firms accused of supplying Russia’s military. It’s tough not to feel a sense of betrayal.… Continue reading
The Russian Finance Ministry announced a significant decrease in oil and gas revenues for November, marking a 34% drop year-over-year. This decline, attributed to sanctions, weak crude prices, and a strong ruble, resulted in 530.9 billion rubles collected in oil and gas taxes. Mineral extraction tax revenue decreased by 36% and export duties by nearly 40%, further contributing to the revenue shortfall. The Urals crude average price also fell to its lowest point since March 2023 at $44.87 per barrel in November, which added to the economic pressures.
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On Friday, explosions caused fires on two tankers, Kairos and Virat, in the Black Sea near Turkey’s Bosphorus strait. The Kairos, en route from Egypt to Russia, experienced an external impact, leading to a fire, and its 25 crew members were rescued. The Virat also reported an incident, with its 20 personnel reported in good condition. Both tankers are on a list of ships subject to sanctions against Russia, and the incidents sparked speculation about potential mine strikes.
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Following the targeting of Russia’s largest oil firms, a US group, Dekleptocracy, has identified crucial, yet obscure, sanctions that could disrupt Russia’s war effort. These sanctions focus on chemicals used in mechanical lubricants and military-grade tires, areas where Russia lacks domestic production capabilities. Xinxiang Richful, a Chinese company, is a key supplier of lubricant additives and should be blocked. This action, along with targeting other suppliers, would create shortages.
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Russian war machine increasingly reliant on U.S.-made components, HUR says, and the whole situation feels…well, kind of weird, doesn’t it? Here’s the kicker: Russia is under U.S. sanctions, yet somehow, components manufactured in America are still finding their way into the Russian military. The question that really hits home is, how? It’s a complicated dance of global economics, legal loopholes, and the undeniable truth that war, sadly, is a profitable business. It’s like stepping back in time to the 1980s, where everyone is just trying to make money and nobody cares who’s footing the bill.
The secret, or rather the lack thereof, lies in the nature of these components themselves.… Continue reading
Urals crude oil prices hit a low of $36.6 per barrel last week, the lowest since early 2023, due to the impact of U.S. sanctions on Russian energy giants. The price drop caused discounts relative to Brent to widen significantly, approaching record levels. This decline is largely due to major buyers in India and China halting purchases from sanctioned companies like Rosneft and Lukoil. Consequently, Russia’s seaborne exports have dropped, and an increasing number of oil cargoes are being stored on tankers.
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President Trump has announced that any country engaging in business with Russia will face “very severely sanctioned” action, signaling the administration’s support for tough legislation targeting Moscow. This comes as Republicans are pushing legislation that includes potential sanctions on countries that conduct business with Russia, potentially including Iran. The U.S. has already implemented high tariffs, like 50% on India, as part of the broader strategy. Further legislative efforts, like the Sanctioning Russia Act of 2025, propose secondary tariffs and sanctions to pressure countries supporting Russia’s actions in Ukraine.
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The US Treasury Department has opened a pathway for companies to negotiate the purchase of Lukoil’s foreign assets, representing approximately 0.5% of global oil production. This decision, conveyed through updated Russia licenses, allows discussions with the sanctioned Russian oil giant, contingent on severing Lukoil’s control and funneling proceeds into a frozen escrow account. Key licenses include General License 131, which allows asset purchase negotiations, and General License 128A, which allows continued business with Lukoil-branded gas stations outside Russia. This move comes after sanctions were imposed on Russia’s top oil companies and reflects a calibrated approach to isolate Moscow’s oil sector while avoiding disruptions to global energy markets.
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John Q. Hosedrinker 
Matt Underwood