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Russian oil exports crater by 54% in the first full week of the EU’s embargo amid a shortage of tankers willing to carry cargoes

Since the European Union imposed its seaborne crude sanctions, Russian oil exports have tumbled by more than half, according to data compiled by Bloomberg. In the week that ended December 16, which marked the first full week after the ban set in, total volumes coming out of Russia fell by 1.86 …

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