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.

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