By Noah Browning and Julia Payne

LONDON, Nov 23 (Reuters) – Russia’s oil tanker fleet is too small to fully circumvent a plan by the European Union, the G7 countries and Australia to impose a price cap on its maritime crude oil exports from December 5, analysts and market watchers say .

The amount Russia could not export is expected to rise when EU sanctions on Russian shipments of refined products come into effect on February 5.

Overall, the shortage could mean Russia’s exports of…

Source link