ShippingWatch

"Creative market players" could avoid price cap on Russian oil, says lawyer

Sanctions lawyer doubts whether EU’s eighth sanctions package is ”absolutely water-tight,” as price cap could be circumvented, he tells ShippingWatch.

Anders Fournais doubts the EU Commission's statement that the eighth sanctions package against Russia is ”absolutely water-tight.” | Photo: Hafnia Law Firm

The European Union’s price cap on Russian oil transported by sea to third countries might be avoided by ”creative” market players.

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