International Group criticises ‘flawed regime’ of Russian oil price cap
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International Group criticises ‘flawed regime’ of Russian oil price cap

The IG said that around 800 tankers have left group clubs because of the cap.

By Samuel Casey
April 30, 2024
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The International Group of P&I Clubs (IG) has criticised the “flawed regime” of the Russian oil price cap (OPC), which it said has resulted in several “unforeseen and unintended consequences”.

The

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