Western firms ignoring G7’s Russian oil ‘price cap’ – Bloomberg  ...News

Russia Today - Economy
Western firms ignoring G7’s Russian oil ‘price cap’ – Bloomberg 
source : Russia Today ( News ) () 32
US and EU companies have continued to provide shipping services after prices breached the $60/barrel ceiling, the outlet reports Exports of Russian oil loaded onto Western-insured tankers are continuing even though the price of Urals grade has jumped above the $60 per barrel cap set by the Group of Seven (G7) countries and the European Union, Bloomberg reported on Monday.   According to the news agency, about 40% of vessels carrying crude from Russia’s Baltic and Black Sea ports were either owned or insured by companies based in countries that signed up to the price cap.   Urals was trading at about $71 a barrel o

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