Shipping costs for Russian oil rising – Bloomberg ...News

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Shipping costs for Russian oil rising – Bloomberg
Carriers are reportedly charging more for cargo due to risks ahead of EU restrictions on trade in Russian crude The costs of transporting Russian oil are soaring as more tanker owners are avoiding the trade, while others are charging more for the risks involved ahead of EU sanctions that come into effect on December 5, Bloomberg reported on Thursday. The bloc’s expanded restrictions on trade in Russian crude will ban EU companies from providing services such as insurance, brokerage or financial assistance to vessels carrying oil from the sanctions-hit country, unless the cargo is purchased below an agreed price. S

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