Big Brain Analysis

Introduction Sanctions play a crucial role in shaping global trade dynamics and geopolitical relations. The imposition of sanctions on specific countries or entities often results in ripple effects across various industries, including the shipping and oil sectors. In recent times, the sanctions imposed on Russia have had a profound impact on the transportation costs associated with Russian oil shipments. This article explores the implications of these sanctions and the resulting surge in shipping premiums for Russian oil. Background Sanctions are a tool employed by governments to exert pressure on nations or entities engaging in activities deemed unfavourable or contrary to international norms. They aim to alter the behaviour of the targeted parties by limiting their access to certain resources, markets, or financial systems. In the case of Russia, various sanctions have been imposed by the United States, European Union, and other countries in response to geopolitical tensions and conc