Europe's Russia Oil Sanctions Are Affecting Trading Already
10.13.2022 By TankTerminals.com - NEWS

October 16, 2022 [Bloomberg] – European Union sanctions on Russian oil might still be eight weeks away, but they’re hitting trade in the nation’s crude already.

 

The bloc’s measures, including a ban on insuring tanker shipments, enter into force on Dec. 5. A Russian cargo still on the water after that date will no longer be covered by a European underwriter or reinsurer.

—-

Book a demo to see how to offer, bid and book tank capacity globally. Quick and easy.

Linked Terminals

UK Shortlists 27 Hydrogen Projects to Advance in HAR2
04.07.2025 - NEWS
April 07, 2025 [Renewables Now]- The UK government announced today it has shortlisted 27 electrol... Read More
Shell Lowers First-Quarter LNG Production Outlook
04.07.2025 - NEWS
April 07, 2025 [Reuters]- Shell lowered its first-quarter liquefied natural gas (LNG) production ... Read More
Crude oil's Demand Woes Shown by Softer Q1 Asia Imports
04.07.2025 - NEWS
April 07, 2025 [Reuters]- Crude oil prices are tumbling in the wake of U.S. President Donald Trum... Read More
Panama Canal to Open Bidding for LPG Pipeline, Authority Says
04.07.2025 - NEWS
April 07, 2025 [Reuters]- The Panama Canal has authorized the opening of a bidding process for a ... Read More