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Sanctioned Russian Oil Tanker Returns to Work After Hiatus

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Moscow is testing the limits of US sanctions on its tankers after sending the first ship targeted by the US treasury with a cargo to Asia.

  • The SCF Primorye loaded 1m bbl of Urals crude from Novorossiysk and is now headed towards the Suez Canal.
  • The tanker’s fate will offer clues on whether Russian tankers may start being freed up after being previously blocked.
  • The tanker was sanctioned after having carried a cargo which exceeded the G7 price cap of $60/b.
  • The total number of Sovcomflot’s sanctioned ships is 21. None of these had loaded a fresh cargo until Apr. 26.
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Moscow is testing the limits of US sanctions on its tankers after sending the first ship targeted by the US treasury with a cargo to Asia.

  • The SCF Primorye loaded 1m bbl of Urals crude from Novorossiysk and is now headed towards the Suez Canal.
  • The tanker’s fate will offer clues on whether Russian tankers may start being freed up after being previously blocked.
  • The tanker was sanctioned after having carried a cargo which exceeded the G7 price cap of $60/b.
  • The total number of Sovcomflot’s sanctioned ships is 21. None of these had loaded a fresh cargo until Apr. 26.