business ⛽ Ukraine pauses tanker drone strikes on Vance's ask
Ukrainian forces have reportedly stopped drone attacks on oil tankers at Novorossiysk port following a request from U.S. Vice-President JD Vance. The action was taken due to concerns that these attacks were further destabilizing the already volatile global oil market. These drone strikes had previously disrupted the Caspian Pipeline Consortium (CPC) twice over the last two months. The CPC is crucial as it moves most of Kazakhstan’s crude exports to Novorossiysk, serving as an alternative to Russian energy. Consequently, Kazakhstan is now exploring alternative export routes like the Baku-Tbilisi-Ceyhan system. ⛽