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Tuesday, May 28, 2024

Russia – sanctions. “El Mundo”: Russia’s “shadow fleet” uses 443 tankers

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Russia continues to sell crude oil in bulk despite sanctions imposed on it, according to an investigation by journalists from Madrid’s El Mundo. It achieves this thanks to 443 tankers sailing under other flags, which it supplies with raw material in international waters.

The newspaper confirmed that Russian tankers supply the so-called shadow fleets on the shores of the Mediterranean Sea Spainbut outside its territorial waters.

According to El Mundo, among the main recipients of oil supplied by the “shadow fleet” are the People’s Republic of China and India.

More than 440 tankers flying the flags of nine countries receive the raw material in various places around the world. Typically, oil comes from large Russian Aframax tankers.

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According to “El Mundo”, which refers to the data of the international consulting company S&P Market Intelligence, the largest Russian tankers sail mainly from the ports of Primorsk and Ust-Luga, located on the Baltic Sea.

Recipients of Russian oil

According to information from the consulting company, Russian oil is received on the high seas by vessels flying the flags of nine countries: the Marshall Islands, Panama, ChinaCameroon, Liberia, Belize, BrazilIndia and United Arab Emirates.

The Strait of Gibraltar and the waters near Ceuta, a Spanish enclave in North Africa, are where this is often done, according to a Madrid newspaper.

At the end of April, another reloading

Only between October 2022 and January 2023, the Spanish services observed about 20 cases of transshipment of raw material there. One of the ships, according to El Mundo, was the Panamanian-flagged oil tanker Anshun II.

The newspaper determined that at the end of April 2023, the reloading of Russian oil from this tanker to smaller vessels in the Strait of Gibraltar is expected.

Price limit

G7 countries, Australia and European Union agreed to set a price ceiling for Russian crude oil transported by sea at the level of USD 60 per barrel. The regulations came into force on December 5, 2022. The limit works by prohibiting the provision of services related to the transportation of oil by sea, including insurance and financial services, for crude purchased at a price exceeding the set ceiling of $60 per barrel.

Companies from the G7 countries control about 90 percent. global maritime insurance market, which was supposed to guarantee compliance with the ban. In addition, from Feb. The EU embargo on imports of Russian fuels came into force.

Main photo source: Shutterstock



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