The actions of leading Russian oil companies are undergoing a significant fall on the Moscow Exchange through new rigid US sanctions against Gazprom, Surgutneftegaz and more than 180 tankers of the so -called "shadow fleet". These restrictions, introduced by Joe Baiden administration, have become one of the largest sanctional bags since the start of a full -scale war.
- Gazprom of the Nefta fell by 2.5%, reaching 588 rubles per unit. In two days, the company's capitalization decreased by 34 billion rubles.
- "Surgutneftegaz" lost 3.4% of the value of shares, which are now traded at 23.2 rubles, which led to a decrease in capitalization by 29 billion rubles.
- Rosneft shares fell by 4.9% (544.8 rubles per unit), and capitalization decreased by 298 billion rubles. The blow for the company was the imposition of sanctions against its key operator "PH-Vancor", which is managed by the project "East Oil".
The total losses of three companies that provide two -thirds of oil in Russia are estimated at 361 billion rubles, or $ 3.54 billion at the official rate.
The US decision, according to analysts, can affect 15% of Russian oil exports (up to 800,000 barrels per day). In response, the largest buyers of Russian oil - India and China, which provided more than 80% of exports, stopped receiving sanction tankers in their ports. The refineries of these countries are looking for an alternative to Russian oil in the Middle East and Africa markets.
The sanctions were also hit by the largest tanker company of Russia - Sovcomflot, whose shares fell by 4.5%, and capitalization decreased by 9 billion rubles.
To continue sales, Russian oil companies will have to reduce prices. Urals variety discount is expected to increase, and oil transportation costs will also increase due to a rise in price of tankers.
Thus, the US sanction package not only has significantly influenced the market value of Russian companies, but also created new challenges for Russian oil exports, forcing ways to seek ways to bypass restrictions and view strategies in the world markets.
