Russia’s Dark Tanker Fleet Gets Stretched Sailing Thousands of Miles: Oil Strategy
Russia still needs Europe’s tankers to shift crude to Asia from its western ports
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Russia assembled a huge fleet of tankers to beat western sanctions. They’re struggling to get the job done, writes Bloomberg oil strategist Julian Lee.
The European Union banned almost all seaborne crude imports from Russia back in December, forcing Moscow to divert the shipments thousands of miles to China and India.