- December 21, 2022
- Posted by: AliensFaith
- Category: OBJECTIVE PRESS
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Over the weekend, we reported that oil exports of Russian ESPO-grade oil from the Pacific port of Kozmino had collapsed by more than 50% following the implementation of the western oil price cap. Today we learn that it wasn’t just Kozmino’s ESPO output: according to Bloomberg’s Julian Lee, all of Russia’s seaborne crude shipments collapsed in the first full week of G-7 sanctions targeting Moscow’s petroleum revenues, which, while bad news for the Kremlin’s income statement is an even greater source of alarm for governments around the…
