Commodities
Russia Loads Fourth Sanctioned Sovcomflot Tanker in Snub to West
- Tanker Viktor Bakaev is hauling crude to China from the Baltic
- Sanctions have until now had a disruptive effect on Russia
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Russia loaded a fourth sanctioned tanker owned by state-run Sovcomflot PJSC, testing the resolve of Group of Seven nations who’re attempting to clamp down on the fleet of ships moving Moscow’s oil.
The Viktor Bakaev left the Baltic Sea port of Primorsk on Sunday, hauling a cargo of about 730,000 barrels of Urals crude, ship tracking data compiled by Bloomberg show. It’s heading to Zhoushan in China.