G7 tankers help Russia lift April crude exports amid soft sanctions enforcement

Russia managed to use G7-linked tankers to raise crude exports in April as Western authorities signaled softer sanctions enforcement amid a looming oil supply shortage. Tankers flagged, owned or operated by companies based in G7 countries and their allies, or insured by Western protection and indemnity clubs, lifted 29.4% of Russia’s crude exports of 4.1 million barrels/day in April, according toRussia managed to use G7-linked tankers to raise crude exports in April as Western authorities signaled softer sanctions enforcement amid a looming oil supply shortage. Tankers flagged, owned or operated by companies based in G7 countries and their allies, or insured by Western protection and indemnity clubs, lifted 29.4% of Russia’s crude exports of 4.1 million barrels/day in April, according toRead More