An oil tanker is moored at the Sheskharis complex, part of Chernomortransneft JSC, a subsidiary of Transneft PJSC, in Novorossiysk, Russia, on Oct. 11, 2022.

EU ban on Russian oil imports comes into force, as West steps up measures against Moscow

The EU and G7 countries have also expanded the existing price cap on Russian crude oil to include all refined products.