G7 countries set a $60-per-barrel price cap on Russian crude two years ago as part of Ukraine-related sanctions Several Western insurance companies are continuing to provide cover for tankers shipping Russian oil, allowing it to reach international markets despite the G7 price ceiling, Reuters reported on Thursday, citing data from traders and shippers. Five insurers including American Club, the Luxembourg-headquartered West of England, and Norway’s Gard reportedly provided services for 10 tankers carrying oil from Russia to Asia in 2024. The other insurance providers for crude originating from Russia reportedly i
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