June 25, 2024

What are the effects of sanctions on Russian oil exports?

Backlisting vessels by the OFAC and the European Union for breaching the Russian oil price cap has been successful in removing them from the fleet of ships exporting Russian crude oil, but it has had no impact on overall Russian crude oil exports, with more new ships filling the gap.

Cargo ship docked at industrial port with red-covered containers and red ore piles, city skyline in the background.

See why the most successful traders and shipping experts use Kpler

Request a demo