TradeWinds: US reaction to price cap crucial as EU tanker sanctions prove ineffective, broker says

July 21, 2025 The bloc announced sweeping new measures on Friday, including a lower and automatically re-adjusted price cap on Russian crude, more vessel blacklistings and a ban on the import of refined products derived from Russian barrels. Erik Broekhuizen, manager of marine research and consulting at New York broker Poten & Partners, said: “Most of the measures are building on previous sanctions, but there are new elements that could make a difference if properly implemented and enforced.” To read the full article, click here.