Nearly half of Russian seaborne crude shipments were carried in European-owned tankers in October in a sign of the potential upheaval in trade flows that will follow the European Union’s import ban next month, according to data from a Finland research association.
European countries will ban seaborne Russian crude imports from 5 December and prohibit insurance, finance and broking services for shipments elsewhere in the world unless barrels are priced below an agreed price cap.
