Russian Oil

Setting a ceiling on the price of Russian oil impedes the shipping of black gold

(ORDO NEWS) — The entry into force of a European embargo on Russian oil and a cap on its price is hampering shipping of the black gold, which has already been slowed by new tanker insurance measures. Since Monday, the European Union has banned almost all deliveries of Russian seaborne oil, in a new package of sanctions against Russia over its war in Ukraine. In addition, a ceiling mechanism for…