As per the agreement made by the ambassadors of the 27 EU countries, there will be a 55-day transition period for seaborne Russian oil products bought and loaded before Sunday.

Source: https://thegrizzlygazette.com/business/russian-oil-reaching-u-s-via-india/?utm_source=rss&utm_medium=rss&utm_campaign=russian-oil-reaching-u-s-via-india

But Russian seaborne exports have not fallen.

Source: https://247wallst.com/investing/2023/05/31/wednesday-premarket-newsmakers-skepticism-of-debt-ceiling-deal-roils-oil-markets/

Everyone knows the headline numbers of Russian refined products, seaborne exports.

Source: https://seekingalpha.com/article/4579171-scorpio-tankers-inc-stng-q4-2022-earnings-call-transcript?source=feed_all_articles

Star Bulk Carriers Corp. provides seaborne transportation solutions in the dry bulk sector.

Source: https://www.etfdailynews.com/2023/01/23/29000-shares-in-star-bulk-carriers-corp-nasdaqsblk-purchased-by-stephens-inc-ar/

The federal Finance Department says Canada is joining its fellow G-7 countries plus Australia to expand caps on Russian oil to include seaborne petroleum products from that country.

Source: https://www.cp24.com/news/ottawa-expands-price-caps-to-russian-petroleum-products-to-reduce-revenues-1.6260081

The Saudi criticism of oil price ceilings came against the backdrop of the western price cap on Russian seaborne oil exports.

Source: https://thegrizzlygazette.com/business/china-brokered-deal-between-iran-and-saudi-arabia-catches-world-by-suprise/?utm_source=rss&utm_medium=rss&utm_campaign=china-brokered-deal-between-iran-and-saudi-arabia-catches-world-by-suprise

These countries comprise 20 coastal states bordering the North and South Atlantic Oceans, and they are expected to provide the maritime link for landlocked countries to facilitate the seaborne trade of those that are landlocked.

Source: https://www.ghanamma.com/2023/05/25/increase-advocacy-for-green-shipping-imo-boss/

This followed a similar measure they implemented Dec. 5 barring Western-supplied maritime insurance, finance and brokering for seaborne Russian crude unless it was sold below a $60 price cap.

Source: https://www.newdelhitimes.com/chinas-oil-demand-bounce-may-push-producers-to-reconsider-output-iea-says/