UK Bans Services From Transporting Russian Oil Above Price Cap ...Middle East

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UK Bans Services From Transporting Russian Oil Above Price Cap
source : OILPRICE ( Middle East ) () 49
The UK is banning countries from using the UK’s services to transport Russian oil unless said oil is purchased at or below the price cap expected to be set by the G7, the UK government said, noting that legislation introduced on Thursday sets a ban on UK ships and services facilitating the maritime transport of Russian crude oil from December 5, 2022.   This date is the official start of the EU embargo on imports of Russian crude oil by sea.  “The ban on services, including insurance, brokerage and shipping, will be coupled…

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