Russia’s Shadow Fleet is a Ticking Geopolitical Timebomb ...Middle East

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Russia’s Shadow Fleet is a Ticking Geopolitical Timebomb
source : OILPRICE ( Middle East ) () 45
In response to Russia's full-scale invasion of Ukraine in February 2022, the European Union and several other Western countries imposed extensive sanctions on Russia, attempting to stop the trade of Russian oil. In December 2022, the G7 countries decided on an oil price cap. However, Russia has found ways to circumvent these sanctions, primarily through the creation of a "shadow fleet" of oil tankers. Despite robust US Treasury sanctions targeting the shadow fleet, Russia continues to expand it by incorporating new tankers, allowing for stable…

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