Russia's Baltic Oil Shipments Drop 10% After EU sanctions

Russia's oil shipments via the Baltic Sea declined 10% over the final four months of 2024 due to the impact of EU sanctions against Russian oil and gas exports, the Finnish Border Guard has reported. Finland's Coast Guard monitors the shadow fleet that Russia uses to export crude via the Gulf of Finland. "In the last four or five months of last year, we saw a roughly 10% decline in the amount of oil leaving from Russia," the Finnish Border Guard's Head of Maritime Safety Mikko Hirvi told Reuters late last week. "That is of course very good, but…