LONDON: A Western price cap imposed a year ago on Tuesday on Russia's oil has had limited success, with Russia increasingly finding ways to deliver crude at prices above the $60 limit.

Nations which agreed on the cap are banned from providing services, such as insurance, that enable the maritime transport of oil priced above $60.

Premium + Digital Edition

Ad-free access


P 80 per month
(billed annually at P 960)
  • Unlimited ad-free access to website articles
  • Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)

TRY FREE FOR 14 DAYS
See details
See details