To evade Western sanctions, Russia apparently quietly bought more than a hundred used tankers that were soon to be scrapped. According to the “Financial Times”, the Kremlin apparently wants to sell its oil worldwide with this “shadow fleet”. Possible destinations are China, Turkey and India.
According to Rystad Energy, a leading global analysis company for the oil and gas industry headquartered in Oslo, Norway, Russia has purchased 103 tankers this year serving, among others, Iran and Venezuela, two countries under Western oil embargoes.
According to the Financial Times, the oil shipping industry calls these ships Russia’s “shadow fleet.” This is apparently to get around the EU ban on crude oil deliveries, the price of which is above the EU price cap ($60 per barrel), by sea, which came into effect on Monday and took effect on Monday.
The EU, together with international partners – including Australia and the G7 – wants to force Russia to sell oil below market price to buyers in other countries. The aim is to regulate that important services for Russian oil exports can only be provided with impunity if the price of the exported oil does not exceed the upper limit of USD 60 per barrel (159 liters).
Source: Krone
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