Putin’s Oil Makes a Stop Off Spain en Route to China


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The new world created by Vladimir Putin’s invasion of Ukraine has spawned a new oil trading hub: the town of Ceuta – a tiny Spanish enclave that sticks out of Morocco into the Mediterranean Sea like a thumb.There, in calm seas away from prying eyes, Russia is swapping oil tankers, a technique that allows it to reduce shipping costs, get around restrictions and smooth logistics for its remaining customers. The…



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