Russian oil shipped to Asia in Chinese supertankers amid ship shortage

Jan 13 2023

G7 price cap restricts ships available to Russia. Western firms avoid Russian oil trade due to sanctions. Crude sales for Russia's Asia-bound trade below cap. Russia, China launched 'no-limit partnership' in 2022

NEW DELHI/SINGAPORE, Jan 13 (Reuters) - At least four Chinese-owned supertankers are shipping Russian Urals crude to China, according to trading sources and tracking data, as Moscow seeks vessels for exports after a G7 oil price cap restricted the use of Western cargo services and insurance.

>>Reuters<<