Sanctions Fall Short: Russian Oil Delivery Costs Plummet, Boosting Revenue from Asian Markets
Pratik Bijlani – The cost of transporting Russia’s Urals crude to Asia from the Black Sea port of Novorossiysk has dropped to its lowest level since October, according to Argus Media Ltd. This progress occurs despite Group of Seven (G7) sanctions designed to raise delivery costs and deprive the Kremlin of cash. Instead, Russian companies…