The price of Russian oil is falling — does this mean that sanctions are working? Yes! But the Russian fleet is still replenished with tankers, and Ukrainian companies are recruiting crews for them. Redirect the investigation of OCCRP and FFM

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The price of Russian oil is falling — does this mean that sanctions are working? Yes! But the Russian fleet is still replenished with tankers, and Ukrainian companies are recruiting crews for them. Redirect the investigation of OCCRP and FFM

In February 2025, due to US sanctions, the price of Russian oil fell below $60 per barrel — that is, below the price ceiling that the G7 and the EU set to reduce Russia's revenues. This is good news: it may signal that sanctions are working and the Russian budget will be scarce. As early as 2023, the Russians learned to circumvent the price ceiling: they created a so-called “shadow” fleet of more than 600 vessels, with which they disguised the o…