Shadow fleet of tankers keeps Russia's oil money flowing despite Western sanctions
- The Group of Seven democracies aims to reduce Russia's oil export earnings to hinder funding for the war against Ukraine, but Russia uses a shadow fleet of tankers to evade sanctions and maintain revenue.
- Estimates suggest that over 400 tankers are involved in transporting oil, helping Russia bypass the $60 per barrel price cap imposed by allies of Ukraine.
- Recent sanctions by the U.S. And U.K. Target over 180 vessels in the shadow fleet, aiming to cut off Russia's oil revenue and limit its ability to fund military actions.
- Three shadow fleet tankers carrying Russian oil are stranded off the coast of China after being sanctioned by the U.S., indicating challenges for Russia in exporting oil amidst tightening restrictions.
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Coverage Details
Total News Sources0
Leaning Left11Leaning Right14Center9Last UpdatedBias Distribution41% Right
Bias Distribution
- 41% of the sources lean Right
41% Right
L 32%
C 27%
R 41%
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