News > Russian oil logistics in chaos with weeks until sanctions bite
Russian oil logistics in chaos with weeks until sanctions bite
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23/10/2022 05:56 PM | Click to read full article
The US has been sounding the alarm for months that Europe’s sanctions on Russia could trigger a shock. It’s pushing for companies to be allowed to access EU services -- especially insurance -- to avoid a price spike before the mid-term elections.
To do that, buyers would have to sign up for a controversial oil price cap.