Sovcomflot keeps non-G7 tankers’ share in Russia crude exports above 80%

Russian state carrier Sovcomflot made a strong return to its home turf to transport crude in August, keeping the share of Russia’s shipments outside of the G7 price cap above 80%. Data from S&P Global Commodities at Sea and Maritime Intelligence Risk Suite showed tankers owned by the company, sanctioned by various Western authorities, loaded 20.9 million barrels of Russian…Russian state carrier Sovcomflot made a strong return to its home turf to transport crude in August, keeping the share of Russia’s shipments outside of the G7 price cap above 80%. Data from S&P Global Commodities at Sea and Maritime Intelligence Risk Suite showed tankers owned by the company, sanctioned by various Western authorities, loaded 20.9 million barrels of Russian…Read More