Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2026 GBAF Publications Ltd - All Rights Reserved. | Sitemap | Tags | Developed By eCorpIT

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Headlines > Exclusive-Russia ships diesel to Syria on tanker under U.S. sanctions, data shows
    Headlines

    Exclusive-Russia ships diesel to Syria on tanker under U.S. sanctions, data shows

    Published by Global Banking & Finance Review®

    Posted on March 6, 2025

    3 min read

    Last updated: January 25, 2026

    Exclusive-Russia ships diesel to Syria on tanker under U.S. sanctions, data shows - Headlines news and analysis from Global Banking & Finance Review
    Tags:oil and gasforeign exchangeInternational trade

    Quick Summary

    Russia delivers diesel to Syria on a U.S.-sanctioned tanker, marking the first direct supply in over a decade, according to LSEG data.

    Russia Delivers Diesel to Sanctioned Tanker in Syria for First Time in Years

    MOSCOW/BEIRUT (Reuters) - Russia shipped a diesel cargo to Syria onboard a tanker under U.S. sanctions, the first known such direct supply to the Middle Eastern country in more than a decade, LSEG data showed.

    The final destination of the cargo is unclear. Russia has two main military installations in Syria: an air base in Hmeimim and a naval base in Tartous, integral to Russia's military reach in the Middle East and Africa.

    Russia's control over the bases is under threat following the sudden fall of Bashar al-Assad last year. Moscow has said it wanted to keep its hold over them.

    According to LSEG data, the Barbados-flagged vessel Prosperity (previously known as Gabon-flagged NS Pride) was loaded with about 37,000 metric tons of ultra-low sulphur diesel at the Russian Baltic port of Primorsk on February 8.

    The tanker, managed by the Dubai-based Fornax Ship Management, is anchored near the Syrian port of Banias, LSEG shipping data shows. Fornax itself is also under the U.S. sanctions. The company was not immediately available for comment.

    U.S. sanctions on Russia since the start of the 2022 invasion of Ukraine have included measures aimed at limiting revenues from the country's huge oil and gas industry and weakening its ability to fund the military efforts.

    The United States on January 10 added the Prosperity to the list of sanctioned vessels, which includes some 180 tankers, involved in the export of Russian oil products following its war in Ukraine. The EU and the UK followed suit on February 24.

    Violations of the U.S. sanctions programs may result in civil and, in some cases, criminal penalties.

    In one such case, U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) announced last year a settlement of $7.45 million with the State Street Bank for "apparent violations" of the Russia and Ukraine-related sanctions.

    At the same time, the U.S. issued a six-month waiver to its Syria sanctions, focused on the energy sector and financial transfers to Syrian governing authorities.

    Syrian oil ministry officials did not immediately respond to text messages seeking comment. Russia's energy ministry declined to comment.

    This is the first direct diesel shipment from Russia to Syria since at least 2013, according to LSEG data.

    Syria also issued an import tender for 20,000 tons of LPG and was seeking to import oil as no crude shipments have arrived from Iran, its key supplier, since November, according to data from shipping analytics firm Kpler.

    Syria has two oil refineries, located in Homs and Banias, which ceased operating after Assad's fall.

    (Reporting by Reuters in Moscow; additional reporting Timour Azhari in Beirut. Editing by Guy Faulconbridge and Louise Heavens)

    Key Takeaways

    • •Russia shipped diesel to Syria on a sanctioned tanker.
    • •The shipment is the first direct supply in over a decade.
    • •The tanker Prosperity is under U.S. sanctions.
    • •Syria seeks oil imports amid halted crude shipments from Iran.
    • •U.S. sanctions aim to limit Russia's oil revenue.

    Frequently Asked Questions about Exclusive-Russia ships diesel to Syria on tanker under U.S. sanctions, data shows

    1What was the significance of the diesel shipment from Russia to Syria?

    This shipment marks the first direct supply of diesel from Russia to Syria in over a decade, highlighting Russia's ongoing involvement in the region.

    2What sanctions affect the Prosperity tanker?

    The Prosperity tanker is under U.S. sanctions, which were expanded to include it due to its involvement in the export of Russian oil products following the war in Ukraine.

    3What are the implications of U.S. sanctions on Russia's oil industry?

    U.S. sanctions aim to limit revenues from Russia's oil and gas sector, thereby weakening its ability to fund military operations abroad.

    4What is the current status of Syria's oil imports?

    Syria has not received crude shipments from Iran, its key supplier, since November, prompting the country to seek alternative oil imports, including a recent tender for LPG.

    5How has the political situation in Syria affected Russian military bases?

    Russia's control over its military bases in Syria is threatened following the fall of Bashar al-Assad last year, as Moscow seeks to maintain its influence in the region.

    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Previous Headlines PostWorld must stick to climate goals despite US, UK envoy says
    Next Headlines PostUkrainian opposition leaders dismiss idea of wartime election
    More from Headlines

    Explore more articles in the Headlines category

    Image for Britain expects Arctic security plans to be discussed by NATO next week
    Britain expects Arctic security plans to be discussed by NATO next week
    Image for Thai PM Anutin's gamble on nationalism to be tested in close election
    Thai PM Anutin's gamble on nationalism to be tested in close election
    Image for Ukrainian shelling causes 'serious damage' in Russia's Belgorod, governor says
    Ukrainian shelling causes 'serious damage' in Russia's Belgorod, governor says
    Image for Treasury's Bessent says further Russian sanctions depend on peace talks
    Treasury's Bessent says further Russian sanctions depend on peace talks
    Image for Norway police open investigation into ex-prime minister Jagland over Epstein files
    Norway police open investigation into ex-prime minister Jagland over Epstein files
    Image for Danone recalls batches of infant formula in Austria, Germany
    Danone recalls batches of infant formula in Austria, Germany
    Image for Italian police to get new arrest powers after Turin riot
    Italian police to get new arrest powers after Turin riot
    Image for US, China opt out of joint declaration on AI use in military
    US, China opt out of joint declaration on AI use in military
    Image for Trump says US retains right to 'militarily secure' Chagos airbase
    Trump says US retains right to 'militarily secure' Chagos airbase
    Image for European corporate outlook improves, but earnings overall expected to fall
    European corporate outlook improves, but earnings overall expected to fall
    Image for Trump endorses Hungary's Orban for re-election ahead of April poll
    Trump endorses Hungary's Orban for re-election ahead of April poll
    Image for Environmental groups sue EU commission over Portugal's lithium mine
    Environmental groups sue EU commission over Portugal's lithium mine
    View All Headlines Posts