Over 90% of Russia crude exports circumvented G7 price cap in July
Nine out of 109 tankers that loaded Russian oil grades in the past month had P&I insurance with International Group of P&I clubs, a proxy for compliance with the price cap
Two thirds of crude and condensates loaded at Russian ports were shipped on the so-called dark fleet* of elderly, anonymously owned tankers, many of which have sought regulatory safe haven in jurisdictions with poor environmental and safety oversight in order to evade Western sanctions
