No injuries reported after a LOT passenger plane veers from the Vilnius taxiway

Related News

• Sources say that Russia is considering how to support Russian Railways, which has a debt of $51 billion.

  Two people familiar with the situation said that the Russian government is looking at different options to support Russian Railways. The company, which is the largest employer in the country, has accumulated a debt of 4 trillion roubles ($50.8 billion). The state-owned Russian Railways employs 700,000 workers and has seen its revenues fall amid the sharp slowdown of Russia's wartime economy. Meanwhile, debt costs are on the rise, driven by interest rates that have reached their highest levels in 20 years. Two people, who requested anonymity because the subject was sensitive, said that Moscow had been discussing ways to help the railways pay off its debt, which is mainly owed to banks of state. Sources said that these include increasing the price of cargo, increasing subsidies, reducing taxes, or even using money from the National Wealth Fund. The sources said that raising the prices of railway cargo would hurt Russian exporters who are already suffering due to high interest rates and economic slowdown. One source said that Russian officials met in late November to discuss the current situation and will meet again in December. Requests for comments were not responded to by Russian Railways, Russian Government and Transport Ministry. There are some ideas that haven't been discussed yet at the level of government, such as capping interest rates for Russian Railways to 9% and converting debts into stakes. This would give state banks a piece of the company. Proposed DEBT-TO EQUITY CONVERSION According to a source, one of the proposals was to convert 400 milliards roubles in debt of Russian Railways into shares. According to the source, this measure would save 64 billion Rubbles in interest over three years. Sources portrayed the measures as a "save" Russian Railways. Russian Railways operates the third longest railway network in the world after the United States of America and China. One source said that it was not clear what the final government decision would be due to the differences in opinion between the representatives of the Finance, Economy, Transport and Trade Ministries. According to international standards, Russian Railways has reported revenues for 2024 of 3.3 trillion Russian roubles. Its expenditures are 2.8 trillion Russian roubles. The debt crisis raises alarm bells The company's financial statement for 2025 shows a net debt of 3,3 trillion roubles at June 30. This includes 1.8 trillion of short-term loans. The debt spiked by 0.7 trillion rubles in only half a calendar year. Russian Railways has been a leading indicator of the health of the Russian economy for many years. It transports oil, passengers and cargoes from the Pacific Ocean to the Black Sea and Baltic Sea. The state's war economy is a major challenge. Its struggles are a reflection of the challenges faced by too-big to fail companies that are indebted with state-owned banks. This leaves the state on a hook, at he same time as Russia spends record amounts on military spending and the war in Ukraine enters its fourth year. The war economy of PUTIN cools sharply In the first two years of Vladimir Putin's presidency, from 2000 to 2008. Russia's GDP grew from $200 billion to $1.7 trillion. Now, Russia's nominal GDP of $2.2 trillion, is about the same as it was in 2013, just before Russia annexed Crimea, and the economy will slow down sharply this coming year. The International Monetary Fund, however, has downgraded their 2025 forecast from 0.9% to 0.6%. The West claims it wants to cripple Russia’s economy in order to force the Kremlin into changing its course on Ukraine. However, Putin has stated that Russia will not bow to foreign pressure. Russian officials also claim the economy is secondary compared to the goals of the war. Putin claims that the economy performed better than anyone could have expected, despite the thousands of Western sanctions. He also says that it has a debt-free status in comparison to Western countries. He acknowledged that there were some issues with investments and the pain caused by high interest rates. Sberbank's senior executive, who is the country's biggest lender, said that Russia's economy has been "continuing cooling". Growth will be around 1% in next year, and business activity will remain weak for at least four or five quarters. $1 = 78.7500 Rubels (Additional reporting by Darya Korsunskaya and in Moscow; Editing by Guy Faulconbridge and Tomaszjanowski and Ros Russell).

• India's weak demand for Urals oil leads to a widening of discounts on the oil

  Sources say that the differentials between Russian Urals crude and other grades are under pressure due to the weakening value of the grade in India's ports. Three sources in the oil trade reported that discounts for Russian Urals crude have tripled in Indian ports since August compared to Brent dated as U.S. sanction drive key buyers from Moscow-supplied fuel. According to traders, the December Urals cargoes are currently trading at a discount of $5-$6 per barrel compared to Brent. This is about three times greater than the $1-2 seen in August. PLATTS WINDOW There were no bids or offers reported on the Platts Window for Urals CPC Blend, or Azeri BTC on Wednesday. Five sources have confirmed that U.S. sanctions will dismantle what is left of Litasco. Litasco was once Russia's largest oil trader, and a competitor to Swiss oil giants and top Swiss houses. (Reporting from ;)

• Lithuania's Vilnius Airport briefly closed due to balloons

  Lithuania's Vilnius Airport resumed operations Thursday evening after being closed for over an hour because smugglers balloons appeared again on radar. This was according to the Lithuanian National Crisis Management Centre. The Baltic Republic closed its border crossings to Belarus last month in response to disruptions in airspace caused by weather balloons from Belarus. They reopened the crossings earlier on Thursday. In a press release, Inga Ruginiene's spokesperson said that if hybrid attacks continue to occur, border checkpoints could be closed. Lithuania said that smugglers were responsible for the balloons which caused airport closures in Lithuania. They blamed Belarus President Alexander Lukashenko, who did not stop the practice. Lukashenko called the border closure "crazy scam", accusing Russia and Belarus of fighting a hybrid warfare, ushering a new age of barbed wire division. Prior to the closure of Vilnius Airport on Thursday, air traffic accident reports had declined in recent weeks. Anne Kauranen, Helsinki, wrote the article and Andrius Sytas reported from Vilnius. Topra Chopra edited it.

• Urals differentials reduced amid lower prices in Asia

  Calculations and traders reported that the differentials between Russian Urals crude and other grades in Indian ports eased as a result of recent U.S. sanctions against Rosneft, Lukoil and Rosneft. The traders reported that spot discounts for Urals crude have widened from $4 per barrel on a DES-basis last week to $5 to $6 per barrel on an average to Brent dated on a DES-basis. Reliance Industries, India's largest refiner of crude oil, has ceased importing Russian crude into its Jamnagar complex in western Gujarat from November 20, its spokesperson announced on Thursday. PLATTS WINDOW There were no bids or offers reported on the Platts Window for Urals, CPC Blend, or Azeri BTC on Wednesday. The Ukrainian military announced on Thursday that it had attacked Russia's Ryazan & Ilsky oil refineries. (Reporting from ;)

• Heathrow Airport expansion plan of $64 billion chosen by UK

  The government announced on Tuesday that Britain chose Heathrow Airport’s expansion and upgrade plan worth 49 billion pounds ($64 billion) as the basis for a new runway. This was over a more affordable rival proposal. The decision comes after Finance Minister Rachel Reeves made a pledge In January, Build a third runway in Heathrow The airport will be redeveloped to spur economic growth and put an end to decades of uncertainty about its future. The headline figure includes 15 billion pounds in planned upgrades and 33 billion pounds for the construction of the runway, rerouting London's motorway orbital and adding a terminal. This year, the government has given its backing to airport projects. It has approved the use of a runway in the second largest airport in the UK, Gatwick. September Supporting a new terminal in Luton April is a month of celebrations. Heathrow’s plan was compared to an alternative by Arora Group which owns hotels and land near the airport. Arora estimated that its proposal was under 25 billion pounds. However, this figure did not include some costs. The Government sets a target of 2035 Planning consent is required by 2029. Flights on Heathrow's brand new runway will begin in 2035. The government chose Heathrow’s full-length plan for a runway as the "most achievable option" to meet these deadlines. The government has said that a "rapid and robust" review of Heathrow's expansion plans will help to shape them in line with Britain’s climate obligations. It also aims at avoiding potential legal challenges regarding air quality and emission levels, which it has faced in the past. Heathrow Airport, which is owned by Ardian France, Qatar Investment Authority and Public Investment Fund of Saudi Arabia, among others, welcomed the decision by the government but asked for clarification from the aviation regulator and government by mid-December in order to avoid any delays. Arora expressed its satisfaction that there was no single promoter and will revisit its plans. Airline companies are worried about cost Heathrow's high fees have been a concern for airlines like British Airways, IAG, and Virgin Atlantic. Heathrow Airport, located west of London is Europe's busiest and most crowded airport. It operates at maximum capacity. Heathrow's two runways are comparable to the four runways at Charles de Gaulle Airport in Paris, Frankfurt Airport and Schiphol Airport in Amsterdam. In a statement, the government said that the review will include details like the length of runways, the layout and the associated infrastructure implications.

• Sources: Russia is weighing up how to support Russian Railways, which has a debt of $51 billion.

  Two people familiar with the situation said that the Russian government is looking at different options to support Russian Railways. The company, the largest employer in the country, has accumulated a debt of 4 trillion roubles ($50.8 billion). The state-owned Russian Railways employs 700,000 workers and has seen its revenues fall amid the sharp slowdown of Russia's wartime economy. Meanwhile, debt costs are on the rise, driven by interest rates that have reached their highest levels in 20 years. Two people, who requested anonymity because the subject was sensitive, said that Moscow had been discussing ways to help the railways pay off its debt, which is mainly owed to banks of state. Sources said that these include increasing the price of cargo, increasing subsidies, reducing taxes, or even using money from the National Wealth Fund. One source said that Russian officials met in late November to discuss the current situation and will meet again in December. Requests for comments were not responded to by Russian Railways, Russian Government or the Transport Ministry. There are some ideas that haven't been discussed yet at the level of government, such as capping interest rates for Russian Railways to 9% and converting debts into stakes. This would give state banks a piece of the company. According to one source, a proposal would be to convert 400 billion Russian roubles in debt of Russian Railways into shares. Sources portrayed the measures as a "save" Russian Railways. Russian Railways operates the third longest railway network in the world after the United States of America and China. According to international standards, Russian Railways has reported revenues for 2024 of 3.3 trillion Russian roubles. Its expenditures are 2.8 trillion Russian roubles. The company's financial statement for 2025 first half reported a net debt of 3.3 billion roubles at June 30. This included 1.8 trillion of short-term loans. The debt grew by 0.7 trillion rubles in only half a calendar year. Russian Railways has been a leading indicator of the health of the Russian economy for many years. It transports oil, passengers and cargoes from the Pacific Ocean to the Black Sea and Baltic Sea. The state-dominated war-economy is a major challenge. Its struggles are a reflection of the challenges faced by too-big to fail companies that have debts with state-owned institutions. This leaves the state responsible for the debts at a time when Russia spends record amounts on its military, as the conflict in Ukraine enters its fourth year. RUSSIA SLOWS In the first two years of Vladimir Putin's presidency, from 2000 to 2008. Russia's GDP grew from $200 billion to $1.7 trillion. Currently, Russia's nominal GDP of $2.2 trillion, is about the same as it was in 2013, just before Russia annexed Crimea, and the economy will slow down sharply this coming year. The International Monetary Fund, however, has reduced its forecast for 2025 to 0.6% from 0.9%. The West claims it wants to cripple Russia’s economy in order to force the Kremlin into changing its course on Ukraine. However, Putin has stated that Russia will not bow to foreign pressure. Russian officials also claim the economy is secondary compared to the goals of the war. Putin claims that the economy performed better than anyone could have expected, despite the thousands of Western sanctions. He also says that it has remained debt-free unlike many Western countries. Despite this, he has acknowledged that there are some issues with investments and the pain caused by high interest rates. Sberbank's senior executive, who is the country's biggest lender, said that Russia's economy has been "continued cooling". Growth will be around 1% in next year, and business activity will remain weak for at least four or five quarters. $1 = 78.7500 Rubels (Additional reporting by Darya Korsunskaya and in Moscow; editing by Guy Faulconbridge, Tomaszjanowski).

• CPC claims it temporarily stopped oil loadings out of Russia's Novorossiysk after a drone attack

  The Caspian Pipeline Consortium said that it has temporarily halted oil loadings on its Russian Black Sea Terminal near Novorossiysk because of an overnight Ukrainian drone strike which damaged the office. It didn't provide any further details and referred to its previous statements regarding its operations, which are usually resumed once the air raid warnings have been cancelled. CPC's business operations were largely unaffected, according to a source in the industry. CPC is Kazakhstan's main export route to the global market, with the majority of volumes going to Europe and Asia. Russia contributes smaller volumes to CPC. CPC is owned by Chevron, Exxon Mobil and other major U.S. oil companies. CPC Blend oil Exports Sources claim that the November revision was to reduce production to 1.45 million barrels a day (bpd), down from 1.55 million. Officials in Russia's southern Krasnodar Region said on Telegram earlier that five residential high-rise buildings and two private residences had been damaged in the Ukrainian attack. The emergency services are bringing the fires under control. They say that falling drone debris has caused two fires. Four people have been reported as injured. In Krasnodar - the administrative hub of the region - it was also reported that drone fragments had damaged windows and destroyed buildings. A person was reported injured in a village located south of Novorossiysk. (Reporting from the bureau in Moscow, with additional reporting by Ron Bousso and Andrew Osborn in London)

• Officials say that a major drone attack by Ukraine on southern Russia has killed three people and injured 16.

  Russian officials reported that three people were killed, and at least sixteen injured in a major Ukrainian attack on southern Russia. Residential buildings in the Black Sea Port of Novorossiysk as well as the cities of Rostov -on-Don (Rostov) and Krasnodar were damaged. The Russian Defence Ministry reported that 249 Ukrainian drones had been downed overnight over Russian regions, including 116 in the Black Sea and 92 in the southern regions Krasnodar, Rostov, and Krasnodar. The Governor of Rostov, Yuri Slyusar, said that a painting shop, a storage facility, four apartment blocks and 12 homes were all damaged by the attack. At least three people died in it. Unverified footage posted on Telegram shows what sounds like a drone flying into a residential apartment building in Novorossiysk, home to a major port for oil. The explosion is a ball flame. Veniamin Kodratyev, the Krasnodar governor, said that the Kyiv government had launched one of its longest-lasting attacks on the region. He also revealed that an apartment block in Tuapse – a town located next to an oil export terminal – was damaged. He stated that seven apartment blocks had been damaged in Novorossiysk. Early on Tuesday morning, Russian forces invaded Kyiv, setting fire to at least two residential structures and killing a person. Senior Ukrainian official said. (Reporting and editing by Guy Faulconbridge).

• Trump's trade battle with China in 2025

  U.S. president Donald Trump has targeted China as his top economic rival with a cascade on tariffs that are worth billions of dollar. He is trying to reduce a trade surplus, bring back lost manufacturing and cripple fentanyl traffic. In reverse chronological order, here are the key events of this year in U.S. China trade war: November 24 - Chinese president Xi Jinping makes a surprise call to his U.S. counterpart, just weeks after their meeting in South Korea at the end of October. Xi told Trump that their countries must maintain momentum and "enlarge the list for cooperation and reduce the list for problems." Trump does not go into detail, but says that they also talked about fentanyl and soybeans. Trump wrote on Truth Social that they had also discussed fentanyl, soybeans and other farm products. He did not elaborate. China has announced that it will continue to expand access to and investment opportunities for U.S. firms, especially in the services sector. On November 10, China suspends for a full year the port fees it charges vessels with ties to the United States, as well sanctions imposed on U.S. affiliates in the South Korean shipbuilder Hanwha Ocean. This comes after Washington suspended its punitive actions resulting from Section 301 investigations of China's maritime and shipbuilding industries. China will adjust its list of drug precursor chemicals and require export licenses for certain chemicals going to the U.S. Sources say that the FBI director visited China to discuss law enforcement and fentanyl issues. China lifts its ban on exports of gallium, antimony and germanium to the U.S. China suspends the export controls it implemented on October 9. These include expanded restrictions on lithium battery materials, super-hard materials, and rare earths equipment and materials. Industry insiders claim that Beijing has begun to form a new licensing regime for rare earths, which could speed up shipments. China has announced that it will reinstate the soybean import licenses of three U.S. companies and lift its suspension on U.S. logging imports beginning November 10. China starts modest purchases of U.S. agricultural products on November 6, including two cargoes each of wheat and sorghum. An agriculture business association reports that China's COFCO held a signing ceremony for soybean purchases. November 5 - Beijing will suspend retaliatory duties on U.S. Imports starting November 10, including farm products duties up to 15%. However, it will keep levies at 10% in response to Trump's "Liberation Day tariffs". Imports from the United States still face a 13% tariff, but China will ease its measures against U.S. entities and drop some curbs on optical fibres. After talks between Trump and Xi in South Korea, the United States and China reach a new trade truce on October 30. Trump agrees on a reduction in tariffs as a result of Beijing's crackdown on the illicit fentanyl market, and resuming U.S. purchases of soybeans. Beijing claims that the United States has also promised a one-year delay on plans to ban Chinese firms from using its technology. The two leaders will decide the framework of a trade agreement after Scott Bessent, Treasury Secretary and Jamieson Greer met with He Lifeng, Vice Premier and chief trade negotiator in China. The U.S. State Department describes Chinese sanctions against the Hanwha Ocean as "coercion", thereby undermining relations between Washington and Seoul. Greer and Bessent criticize China's increased rare earth export controls, citing them as a threat to global supply chain. Bessent promises to tighten up control over strategic sectors in order to combat China. Apple CEO Tim Cook pledges China investment boost. On October 14, both nations start collecting port fees on each other's vessels. China, however, exempts the ships that it has built. Five Hanwha Ocean units with ties to the United States are sanctioned as threats against its security and sovereignty. Bessent confirms that plans for the Trump-Xi meeting are still on track. Trump announces new levies on China imports, including 100% additional duties. He also introduces export controls for "any critical software" starting November 1. In response to China's restrictions on rare earth exports, Trump threatens to impose export controls on Boeing parts. Trump does not cancel his plans to meet Xi but says there is no need. China opens antitrust investigation against U.S. Qualcomm for the purchase of Israeli chip designer Autotalks. China will start charging port fees to U.S.-linked vessels from October 14 in response the similar U.S. charges on China-linked vessels. China tightens its grip on minerals critical to the world economy. The United States is planning to prohibit Chinese airlines from flying above Russia on U.S. routes. This would be detrimental to U.S. carriers. Trump declares that the major topic of discussion at Xi's meeting will be soybeans. He calls China's sharply decreased U.S. purchases as a tactic in negotiations. Greer, September 30: Tariffs of around 55% on Chinese imports is a "good status quo", but the United States wants freer trade. Bessent: Chemicals, aircraft engines and components offer U.S. leverage in China negotiations. Visitor U.S. legislators tell Premier Li Qiang to increase engagement between China and the United States. Trump and Xi have a telephone conversation on September 19, during which Trump claims they made progress in a TikTok pact, and that they agreed to meet face to face to discuss illicit drugs, trade and the Ukraine War. China welcomes TikTok commercial talks. September 15 – Both sides reach agreement on a framework to transfer TikTok under U.S. control. The U.S. has pledged to refrain from imposing more tariffs against Chinese products over Russian oil imports, unless European levies are first imposed. September 14th - Bessent, China's He, and Bessent, Spain, discuss the trade and TikTok divestiture by September 17th. Both nations extend the tariff truce by 90 days on August 11. August 10 - As the trade truce expires on August 12, Trump urges China quadruple U.S. soya purchases. As part of the talks on rare Earths, the United States lifts its April ban and starts issuing Nvidia licenses for exports to China of advanced AI H20 chip technology. After two days of discussions in Stockholm, U.S. officials and Chinese officials agreed to extend the 90-day truce on tariffs. However, they did not make any major breakthroughs. Bessent: Both sides have resolved issues regarding rare earth minerals and magnetics bound for the United States. June 9-12: Framework agreement reached at London round of negotiations, and some Chinese rare earths producers start to receive export licenses. Trump claims that a trade truce has been re-established. June 5, Xi and Trump have a telephone conversation lasting an hour. Trump claims that China has violated the Geneva agreement to roll back tariffs, and relax restrictions on exports of critical minerals. China denies this and accuses the U.S. instead of "discriminatory restrictive curbs". May 28-29, United States threatens Chinese students with revocation of visas while ordering certain companies to stop shipping goods to China. May 10-12: First round of trade negotiations in Geneva agrees on 90-day pause for tariffs. U.S. tariffs are reduced to 30% from 145% on Chinese goods, while China reduces tariffs to 10%. China will also cancel non-tariffs measures taken since April 2. Nvidia, a chipmaker, says U.S. officials informed it that China sales of H20 chips would require an export license. China raises its tariffs on U.S. goods to 125%, calling Trump's strategy "a joke", and indicating that it will ignore further U.S. "numbers games with tariffs". China imposes controls on exports of dual use items to 12 U.S. firms and designates another six as "unreliable" entities. The United States has increased tariffs on Chinese imports from 84% to 125%. China warns its citizens to avoid U.S. travel. Tariffs on Chinese imports are raised to 84% from 34% by the United States on April 8. April 4: China imposes retaliatory duties of 34% on all U.S. imports starting April 10, and limits exports for some rare earths. Trump announces tariffs of 10% on all imports, and higher rates on some goods, including a 34% levy on China starting April 9. From May 2, the U.S. will no longer allow low-value shipments of goods from China and Hong Kong to be duty-free. March 3-4, 2019 - From March 4, 2019, the United States will double its fentanyl tariffs to 20% on all Chinese imports. China retaliates with 10% to 15% tariffs on U.S. agricultural exports and $21 billion of exports. It also clamps export and investment restrictions on 25 U.S. companies. China responds to the U.S. business with measures that target U.S. companies, including 15% tariffs on U.S. LNG and coal, and 10% on crude oil as well as some autos starting February 10. China responds with measures targeting U.S. businesses, as well as 15% levies on US coal and LNG from February 4, and 10% for crude oil and some autos starting February 10. Trump imposes a 10% penalty duty on China's goods, along with a 25% tax on Mexico and Canada to pressure the United States into curbing the flow of illegal immigrants and fentanyl.

• IATA: Venezuela orders international airlines restart flights

  The International Air Transport Association (IATA), a trade association, reported that Venezuela's aviation institute had told international airlines to resume flights into the country in 48 hours. Otherwise they risked losing their permission to fly to Venezuela. Several international carriers have canceled flights leaving Venezuela after the U.S. Federal Aviation Administration issued a warning to major airlines about a "potentially dangerous situation" while flying over Venezuela. IATA, the organization that represents about 350 airlines, has criticized Venezuelan authorities for their decision, saying it "will further decrease connectivity in the country, already one of the most under-connected countries in the region." The Venezuelan Information Ministry did not respond immediately to a comment request. The national aviation institute could not be reached for a comment immediately. Air Europa, a Spanish carrier, announced earlier on Monday that it would suspend its five weekly flights from Madrid to Caracas until "conditions allow" their resumement. Spanish media reported that Airline Plus Ultra had also suspended flights on the same route. IAG's Spanish carrier Iberia announced over the weekend that it would suspend its Venezuelan flights, joining other carriers such as Brazil's Gol and Colombia's Avianca. Iberia's spokesperson announced on Monday that the suspension will last until at least 1 December, while Gol cancelled its flights to Caracas for Tuesday and Wednesday. Turkish Airlines has canceled all flights until Friday. The U.S. FAA issued a warning last Friday about "the worsening security situation" and the increased military activity around Venezuela. It said that the threats could be dangerous for aircraft of all altitudes. In recent months there has been an enormous American military buildup, including the largest aircraft carrier of the U.S. Navy, as well as at least eight warships and F-35s. (Reporting and editing by Stephen Coates; Reporting by the newsroom)

• Serbia claims to have enough fuel reserves despite sanctions closing a key refinery

  The government of Serbia said that it has enough fuel to supply its domestic market. This comes as the NIS oil refinery, which is vital for the country, faces a possible shutdown due to U.S. sanction against its Russian owners. NIS, which provides most of Serbia's energy needs, requested last week a license from the Office of Foreign Assets Control of the U.S. Treasury Department to continue operations as its Russian majority owners search for a buyer of their stake. In a press release, the Serbian government stated that they had discussed ways to ensure a steady supply of petroleum products on the market. No reason to be concerned The government released a statement that said, "The economy and the citizens have no cause for concern as there are enough quantities of all petroleum-derived products." In a post on her Instagram account, Energy Minister Dubravka Handanovic stated that she met with representatives of the major oil companies in Serbia including MOL, OMV, and Helleniq Energy to discuss fuel supply. She wrote, "The state will use mandatory reserves in the event of a crisis." Gazprom Neft owns 44.9% and Gazprom 11,3% of NIS. Serbia holds 29.9% of NIS, and the rest is held by small investors. Washington wants to see NIS divest of all Russian assets and has given its owners three months in which to find a buyer. OFAC imposed sanctions on Russia's oil industry in January. However, their implementation with respect to NIS has been repeatedly delayed before taking effect finally on October 8. The banks have ceased processing NIS payments, and the JANAF crude oil pipeline in Croatia has halted delivering crude to the refinery. Djedovic handanovic stated last month that the NIS refinery located outside Belgrade would be unable to function beyond November 25th without new crude supply. Djedovic handanovic, who spoke on Sunday, said that NIS's operational reserves, as well as all the other reserves, totaled 89,825 tons of diesel, and 53,648 tonnes of gasoline. She said last week that the government approved the importation of 38,000 metric tonnes of petrol and 66,000 metric tons diesel for the state reserves. (Reporting and editing by Conor Humphries, Alex Richardson and Aleksandar Vasovic)

• Sources say that Russia's Tuapse Port resumes fuel exports following a two-week suspension.

  According to LSEG and two industry sources, Russia's Black Sea Port of Tuapse resumed exports of oil products last week, after a suspension for two weeks due to drone attacks by Ukraine. The local refinery also re-started processing crude oil. According to sources and data from ship tracking, the Gambia flagged tanker Sandhya departed Tuapse with 30,000 metric tonnes of gasoil on November 17, and was heading towards the Suez Canal. On November 18, the Satna, a tanker with the Malawi flag, loaded around 30,000 tonnes of gasoil. The traders claimed that the fuel stored in tanks on these two vessels was refined at Tuapse, before it stopped oil processing. Sources also confirmed that the Rosneft controlled Tuapse oil refinery, whose production is largely exported, resumed processing oil on November 21, according to their sources. The Tuapse export-oriented plant has a capacity of processing 240,000 barrels per day of oil. It produces naphtha as well as fuel oil, vacuum gasoline, and high sulphur diesel. Rosneft has not responded to any requests for comment.