Banks remain wary as Russian oil price cap kicks in | Global Trade Review (GTR)
Major western powers will allow banks and insurers to back trade in Russian oil below US$60 per barrel, but industry insiders warn such transactions likely lie beyond the risk appetite of trade finance lenders. Under the regime, businesses in the G7, European Union and Australia are prohibited from providing services supporting seaborne Russian oil exports,…| Global Trade Review (GTR)
