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Nothing prevents you from buying crude oil from Moscow, but in fact it is becoming almost impossible: problems with banks, insurance companies and especially shipping
by Sissi Bellomo
The market has already largely lost oil supplies from Russia: over 10 million barrels a day, one-tenth of world production, of which half were exported until a few days ago. There is no ban on buying crude from Moscow. Yet, despite being offered at super discounted prices (for Ural almost $ 20 a barrel less than Brent), hardly anyone wants – or is able – to get it anymore. In the West as well as in Asia.
Russian barrels are hot. The banks…