Sanctions, bad weather drive more ship-to-ship transfers of Russian oil products, data shows

MOSCOW: Russia has increased its oil product exports via ship-to-ship transfers after Western sanctions and harsh winter weather triggered a shortage of suitable tankers to serve Russian ports, traders said and LSEG data showed. STS transfers allow in-demand ice-class tankers to focus on transporting products from Russian ports to vessels in the Mediterranean and Atlantic, which then carry cargoes on to Asian ports, rather than making the longer journey themselves.

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