Factbox: Here Are Main Elements of New G7-Led Price Cap on Russian Oil Products February 6, 2023 The Group of Seven rich nations, the European Union and Australia have set price caps for Russian diesel and other...
G-7 Nations, EU Agree to Price Caps on Russian Refined Oil Products February 6, 2023 European Union countries agreed to set price caps on Russian refined oil products to limit Moscow’s funds for its invasion...
Western Tankers Ramp Up Russian Oil Shipments as Prices Remain Below G7 Price Cap February 1, 2023 Western oil tankers ramped up their shipments of Russian crude in January as prices for Moscow’s flagship Urals grade held...
Could G-7 Sanctions Against Russia Have Unintended Insurance Consequences? December 16, 2022 By L.S. Howard The G-7 sanctions on Russian oil, which include a $60 per barrel price cap and restrictions on key services such...
Oil Tanker Owners Show Signs of Shunning Russia’s Crude in Response to G-7 Sanctions December 16, 2022 There are tentative signs that oil tanker companies are avoiding sending their ships to collect crude from a key Russian...
G-7’s Price Ceiling on Russia Oil Isn’t Low Enough to Hit Putin’s War Budget: Economists December 8, 2022 By Bloomberg News The Group of Seven’s price ceiling on Russian oil exports isn’t low enough to take a big bite out of...
Western Governments Struggle to Set Russian Oil Price Cap Before Dec. 5 November 30, 2022 Western governments want to set a maximum purchase price for Russian oil on the world market to limit Moscow’s ability...
Reuters: Russian Oil Cap Spurs Insurer Fears of Oil-Laden Ships Being Left at Sea November 11, 2022 Oil-laden tankers risk being left languishing at sea if insurers do not urgently get clarity on an unfinished G7 and...
Insurers Still Unclear How G-7 Sanctions on Russian Crude Oil Cargoes Will Work October 24, 2022 By Alex Longley Just six weeks before European Union sanctions on Russian oil come into effect, insurers are still unclear as to exactly...
Russia Poised to Largely Circumvent G-7 Oil Price Cap, Insurance Restrictions October 21, 2022 By Noah Browning, Dmitry Zhdannikov and Jonathan Saul Russia can access enough tankers to ship most of its oil beyond the reach of a new G-7 price cap,...