The introduction by the EU, UK and other G7 countries — bar the US — of a lower price cap of $47.60 per barrel on Russian crude oil exports effective early September has not deterred Western-insured tankers from loading Russian crude at terminals on the Black Sea, Baltics and Far East, port data show.
Western-Insured Ships Continue to Load Russian Crude
The lower EU price cap on Russian crude has made Western shipowners more cautious, but data shows that loadings at Russian ports continue.
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