Just ten days before 5 December when EU countries are (with a couple of exceptions) set to halt imports of Russian crude and a ‘price cap’ sanctions system for other buyers is set to enter effect, whether and to what extent Russian crude exports might fall remains far from clear.

The EU, US and other G7 countries have said that for Russian crude cargoes loading from 5 December any buyer looking to use shipping services from European and G7 countries will have to purchase the cargo at below a to-be-set price cap. (CONTINUED - 1810 WORDS)