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Jan 05, 2023
Maritime and Trade Talk - Oil Price Cap: Implications for Trade and Shipping Risk
The implementation of a price cap covering Russian-origin crude oil on 5th December has raised a variety of questions regarding its implications:
- How it will affect trading
- Will India and China's appetite for Russian crude continue
- What it means to overall vessel risk in regards to compliance
- Could we see an increase in suspicious Russian shipping activity similar to Iran and Venezuela's sanctions evasion tactics
S&P Global Market Intelligence experts discussed the impact of the oil price cap and scenarios we will see in the coming months as a result of the U.S. and EU action in the latest Maritime and Trade Talk podcast.
Lilit Gevorgyan, Economics Associate Director at S&P Global Market Intelligence explains why a $35 and below price cap is needed to trigger a notable shock to the Russian economy and its ability to finance its war in Ukraine, and Byron McKinney, Product Management Director at S&P Global Market Intelligence breaks down the three tiers classifications, the reporting requirements, as well as tracking dark movement and ship-to-ship activity.
Listen to the full podcast: Maritime and Trade Talk EP12 - Oil Price Cap: Implications for Trade and Shipping Risk
Subscribe to our complimentary Risk & Compliance quarterly newsletter, or subscribe to Maritime and Trade Talk podcast for the latest insight and opinion on trends shaping the shipping industry from trusted shipping experts.
This article was published by S&P Global Market Intelligence and not by S&P Global Ratings, which is a separately managed division of S&P Global.
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