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Redirection of Russian oil to Asia is about to get much messier

Dependence on old ships with less insurance raises risks for buyers

| Russia & Caucasus
An oil tanker off Cabimas, Venezuela: Russia and its crude buyers will be exposed to a bigger risk of shipping accidents and spills.   © Reuters

Vandana Hari is founder of Vanda Insights, a Singapore-based global energy market intelligence provider.

The EU is due to halt all seaborne imports of Russian crude oil from next Monday as part of its sanctions against Moscow over the war in Ukraine.

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