Russia rushes to fix tanker fleet with six weeks to go until EU crude ban starts

With six weeks to go until Europe’s ban on Russian crude kicks in, the scale of the global tanker fleet rejig Moscow is attempting is coming into focus.

By December 5, tanker owners that fly any European Union flag or carry P&I insurance from an EU club can no longer have crude oil onboard that originated in Russia, unless Russia has sold the crude to the buyer at or under an agreed price cap.

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