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EU Sanctions Already Crimping Russian Crude Sales to Prime Markets

Cargoes that propped up Moscow’s sales will struggle to arrive ahead of EU curbs

India’s oil refineries are a key market for Russian crude

India’s oil refineries are a key market for Russian crude

Photographer: Dhiraj Singh/Bloomberg

European Union sanctions aimed at Russia’s crude exports may be starting to have an impact already, six weeks before they’re due to come into effect.

Seaborne crude shipments from Russia fell to a five-week low in the seven days to Oct. 21, dragging the four-week average down, too.