You're reading: Reuters: Russian exchange starts trade in oil for loading in annexed Crimea

Russia's War Against Ukraine

Reuters: Russian exchange starts trade in oil for loading in annexed Crimea

By Reuters.

Published Sept. 18, 2018 at 4:54 pm

A vehicle runs down the 19 km road-and-rail Crimean Bridge passing over the Kerch Strait and linking southern Russia to the Crimean peninsula on May 15, in Kerch, prior to the opening ceremony.

Photo by AFP

The St Petersburg International Mercantile Exchange (SPIMEX) has launched crude oil trading with loadings on the peninsula of Crimea that Russia annexed from Ukraine in 2014, data published by the exchange showed on Tuesday.

Several Russian companies have been placed under sanctions by the West over Moscow’s annexation of Crimea and its role in the Ukraine crisis. International companies risk penalties if they are involved in operations on the peninsula.