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Soaring Tanker Costs Stall Russian Oil Trade in Asia After US Sanctions

OilPrice · Tsvetana Paraskova · last updated
Trade in Russian crude loading for Asia in March has come to a screeching halt as tanker rates are soaring and shippers are scrambling for non-sanctioned vessels following the latest U.S. sanctions on Russia’s oil supply, Reuters reports, citing shipping data and trade sources.                                                     The Biden Administration’s farewell sanctions on Russian oil trade…
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