Most Russian oil exports bypassing price cap – FT ...News

Nearly three-quarters of Russia’s seaborne crude shipments did not use Western insurers in August, the media claims The EU and G7 countries have largely failed to enforce a $60 per barrel price cap on Russian seaborne oil exports, Financial Times reported on Monday, citing an analysis of shipping and insurance records. In August, around three-quarters of Russian oil was reportedly being shipped overseas without Western insurers, which was considered one of the tools helping to limit the price at which Russian crude was being sold on the global market. About half of Russian oil exports did not use Western insurance

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