Transportation
Greek Shipowners Are Stampeding Out of the Russian Oil Trade
- Just eight Greek tankers loaded Russian crude last month
- US sanctions and Houthi missiles may be deterring Greek owners
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Greek shipowners are fleeing the Russian crude trade after a ramp up in US sanctions targeting the traders and shipping companies moving the nation’s petroleum.
The number of Greek-owned tankers hauling Russian crude fell to just eight in January, vessel tracking data compiled by Bloomberg show. That’s down from as more than 40 in May and about 20 through most of the second half of last year.