While U.S., European and otherfor the war in Ukraine, they also want to prevent a sudden loss of Russian crude that could send oil and gasoline prices back up.
Russia would likely try to evade the cap by organizing its own insurance and using the world's shadowy fleet of off-the-books tankers, as Iran and Venezuela have done, but that would be costly and cumbersome, analysts say.
Source: Financial Digest (financialdigest.net)
Cartel? This isn’t Mexico
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