A 60 U. S. dollars per barrel cap on the price of Russian seaborne crude oil agreed by the European Union, the Group of Seven nations and Australia came into effect on December 5th.
But air freight is unlikely to be a large substitute for large shipping by corporations, when such routine replenishment orders planned ahead of time are usually more efficiently transported through seaborne trade.
The island of Sri Lanka, separated from India by only 20 miles (32 km) of shallow water, has always been an important hub in the seaborne trade that stitches the lands of the Indian Ocean together.