G7 tankers gain share in Russia before US waiver for sanctioned ships

A temporary US waiver has enabled sanctioned tankers to transport Russian oil, after G7-linked tanker operators increased their share in the restricted market last month. On March 5, the Office of Foreign Asset Control said Russian crude and refined products loaded by tankers before March 5 could be sold to India regardless of the ships’ sanctions status, if the barrels are to arrive at IndianA temporary US waiver has enabled sanctioned tankers to transport Russian oil, after G7-linked tanker operators increased their share in the restricted market last month. On March 5, the Office of Foreign Asset Control said Russian crude and refined products loaded by tankers before March 5 could be sold to India regardless of the ships’ sanctions status, if the barrels are to arrive at IndianRead More