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Russia uses South Korea port for ship-to-ship transfers of oil trading above price cap

Yeosu port anchorage used by Sovcomflot tankers to transfer cargoes loaded from Kozmino and De-Kastri oil terminal, using local port agents

Unlike other STS hubs in Mediterranean Sea and Atlantic Ocean cargo transfers of Sokol and ESPO grades that trade above the G7 oil price cap of $60 a barrel are not being undertaken in international waters

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