➡️ A Kommersant article a few days ago indicated that the cost of Russian freight - likely everyone else's - is skyrocketing. As ~75% of its crude goes either to China or India, most of Russia's shipments are "long-haul", so freight charges are very important to export economics. ➡️ That said, 2/3 or more of Russian maritime exports are carried on "shadow fleet" tankers which - now that the other two buyers of shadow fleet services, Iran and Venezuela, are off the market - have few options to carrying Russian crude. In other words, the pricing pressure on those deliveries may be lessened. #OOTT #Russia Retweeted by @staunovo from @RusOilGasExpert