Russia’s Rosneft Delays Arctic Mega Oil Project Due to Sanctions, Shortage of Oil Tankers

Russian Oil major Rosneft has delayed the commissioning of the Vostok Oil project until 2026, in part due to a shortage of ice-capable oil tankers as a result of Western sanctions. Earlier this year the U.S. announced sanctions aimed at slowing down or halting the construction and logistics operations of the project. 

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