300 ageing tankers to ensure flow of embargo-stricken oil from Russia
On Dec. 5, all Russian crude oil will be banned in the EU. But oil from the warring country will still flow into the world market, and both the EU embargo and price cap can be circumvented, predicts sanctions lawyer.
by KIM WIESENER
When the European Union’s embargo on Russian crude oil comes into force on Monday, more than 300 ageing tankers sailing under flags of convenience of dubious origin will be ready to ensure the continued stream of oil from Russia to world markets.
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