An EU ban on insuring Russian oil shipments, due to come into force by the end of the year, could send oil prices soaring.The US Treasury is advocating a “price cap” on Russian oil shipments that is so far light on detail but would tweak existing EU sanctions.The big winner from the stand-off is Russia, which has kept its oil exports stable by selling more discounted barrels to India and China. Save for later Print Download Share LinkedIn Twitter The Issue
