Russia forms ‘shadow fleet’ to bypass oil sanctions - FT ...News

The country has allegedly purchased or reallocated more than 100 tanker ships over the last year Russia has assembled a ‘shadow fleet’ to circumvent Western oil sanctions, the Financial Times claimed on Saturday. According to the outlet, Moscow has “quietly amassed a fleet of over 100 aging tankers.”  Citing the energy consultancy Rystad, FT reported that Russia has taken control of 103 tankers since the start of the year, either by repurposing ships previously involved in conveying oil cargo to and from Iran or Venezuela or by purchasing tankers outright.  On Friday, the EU and G7 finally agreed to cap the price

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