Western sanctions struggle to limit Russia's oil revenue

Summary

Western sanctions on Russia's oil exports are ineffective, with Urals crude selling above $80/bbl. The EU's plans to replace the current price cap with a maritime services ban face challenges without U.S. backing. Greek shippers now manage a significant portion of Russia's crude loadings.

Recent Coverage

• Western Sanctions Fail to Cap Russia's Oil Windfall

  Energy Intel • May 14