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Russian Urals Freight Rates Fall, But Possible Sanctions Cause Uncertainty

7 hours ago

Freight rates for Russian oil shipments from the Baltic Sea ports to India have fallen in July-August as more tankers have become available, but this could change if new sanctions are imposed on Moscow, two traders said.The European Union is finalising its 18th sanctions package on Russia, which may include a lower price cap on Russian oil.The cap, introduced in 2022, bans trade in Russian crude oil transported by tankers if the price paid was above $60 per barrel…

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Russian Urals Freight Rates Fall, But Possible Sanctions Cause Uncertainty

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