Russia’s shadow fleet of oil tankers grows despite western sanctions

Poorly maintained and uninsured vessels transporting up to 70% of country’s seaborne oil, says reportRussia’s shadow fleet of oil tankers is expanding, according to research, transporting up to 70% of the country’s seaborne oil despite western efforts to curb Moscow’s wartime energy revenues.The volume of Russian oil being transported by poorly maintained and underinsured tankers has almost doubled in a year to 4.1m barrels a day by June, according to a report published on Monday by the Kyiv School of Economics (KSE). Continue reading...

Russia’s shadow fleet of oil tankers grows despite western sanctions

Poorly maintained and uninsured vessels transporting up to 70% of country’s seaborne oil, says report

Russia’s shadow fleet of oil tankers is expanding, according to research, transporting up to 70% of the country’s seaborne oil despite western efforts to curb Moscow’s wartime energy revenues.

The volume of Russian oil being transported by poorly maintained and underinsured tankers has almost doubled in a year to 4.1m barrels a day by June, according to a report published on Monday by the Kyiv School of Economics (KSE). Continue reading...