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The Independent UK
The Independent UK
National
Arpan Rai

Russian oil supplies continue to spike despite G7 price cap sanctions, data shows

G7 Oil Russia Kpler Vladimir Putin India crude oil Ukraine
AFP via Getty Images

Russian crude oil supply surged 50 per cent this spring despite sanctions imposed by the G7 countries in the backdrop of continuing war in Ukraine, data from commodities tracker and analytics company Kpler showed.

An analysis of shipping and insurance records from August showed almost three-quarters of all seaborne Russian crude flows travelled without any western insurance in August, reported the Financial Times.

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