Two out of three tankers calling at Russia during August breached G7 sanctions
Inflated freight costs and longer-term contracts are keeping some shipowners and buyers on the right side of West’s price cap that aims to limit revenues to Kremlin but keep oil flowing
Only a third of tankers tracked calling at the federation’s eastern, Arctic, Baltic and Black Sea ports had Western insurance, which indicates the oil cargo was sold at or below the price cap imposed by the Group of Seven Industrialised nations
