UK insured $130 billion worth of Russian crude – CREA ...News

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UK insured $130 billion worth of Russian crude – CREA
Around 33% of all seaborne oil exports from the sanctioned country have been transported on tankers with British insurance, a report has found The UK has insured around a third of all Russian seaborne oil shipments since the start of the Ukraine conflict despite sanctions, according to a report by the Centre for Research on Energy and Clean Air (CREA).    British firms have covered over £102 billion ($130 billion) worth of Russian oil between March 2022 and November 2023, the CREA revealed in its analysis published last week.   “Despite the EU/G7 countries’ sanctions on Russian oil, a majority of vessels carrying

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