Russia tanker exodus hits rates on Atlantic trades - TradeWinds

TradeWinds · last updated July 25, 2023 – 7:46 PM

Russia tanker exodus hits rates on Atlantic trades | TradeWinds

The rising price of Russian crude has sparked an exodus of tankers from the trade amid fears of breaking G7 sanctions, according to analysts.

Russia’s Urals crude, shipped from its Baltic and Black Sea ports, breached the $60-per-barrel price cap earlier this month in a development that threatens to force mainstream owners out of the trade.

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