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Millions worth of Russian oil stranded at sea because of payment impasse

Por: Newsweek World January 29, 2024

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Tankers carrying 10 million barrels of Russian oil are stranded off the coast of South Korea, it has been reported, as sanctions hurt Moscow's ability to get payments for its main export.Some 1.3 million metric tons of Sokol grade crude oil had been at sea for weeks due to payment disagreements that have kept buyers at bay, per Reuters. A barrel of Sokol was trading at $77 on Monday, meaning around $770 million worth of Russia's... + full article



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