EU: New package of measures to regulate "shadow fleet"
Denmark may inspect ships in the Baltic Sea to monitor sanctioned Russian oil exports. As part of the oil price cap for Russian crude oil introduced by the EU, the G7 states and Australia, the dominant Western insurers are not allowed to insure Russian oil cargoes priced above 60 dollars per barrel. Russian exporters circumvent the price cap by resorting to non-Western insurers. Around 60 per cent of Russian oil is shipped by sea from Ust-Luga near the Estonian border and from Primorsk near St. Petersburg. Belte and Sund The route through the Baltic Sea also runs through Storebælt (Great...
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