G7’s grand plan to squeeze Russia oil windfall hinges on tanker shipping

a photo of tankers shipping in Russia

They say you can’t have your cake and eat it too. The G7 countries, led by the U.S., think they can. They want to keep Russian crude oil and refined products exports flowing so that fuel prices in their own countries don’t skyrocket, and they want to simultaneously slash Russia’s profits from its own exports.

Tanker shipping buy-in will be pivotal to success or failure. The G7 plan would cap the price of Russian exports and levy U.S. sanctions against companies that transport Russian petroleum...

https://www.freightwaves.com/news/g7-grand-plan-to-squeeze-russia-oil-windfall-hinges-on-tanker-shipping

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