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International

Quarter of Russian crude shipments used cover from western insurers

December 30, 2022 Reprints

At least 18, or about a quarter, of Russian seaborne crude shipments to India, China and Turkey have used insurance from western companies since restrictions started on Dec. 5, The Financial Times reports. Under the cap introduced this month, buyers of Russian crude oil can access western services such as insurance and broking, only if they attest that they have paid less than $60 a barrel.

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Quarter of Russian crude shipments used cover from western insurers

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