UK Freezes Shadow Fleet Tankers: Russia’s Oil Smugglers Face Growing Sanctions
Russia’s oil smugglers are running out of ocean as UK freezes 100+ shadow fleet tankers, a situation that marks a significant escalation in the international effort to curb Moscow’s ability to finance its war in Ukraine. It’s excellent news, really. The aim is to pile on more sanctions, aiming to cripple Russia’s ability to fund its military operations. It’s heartening to see other countries potentially joining the movement. The strategy appears to be multifaceted, encompassing specific ships and the broader financial networks supporting them.
The approach seems to be targeting these so-called “grey fleet” vessels, which have been operating with little to no oversight, making it harder to track their movements and ownership.… Continue reading