Russia’s shadow fleet grows by a third as sanctions fail to stop oil exports
📡 Financial Times · 1 min read ·
Part of composite article Drone Attacks Hit 3 NATO Countries and Black Sea Ships as Russia and Ukraine Target Each Other's Economies View full article →
Russia’s registered fleet has expanded by one-third as Moscow continues shipping fossil fuels despite Western sanctions.
The number of vessels sailing under the Russian flag has risen sharply, allowing crude oil and gas exports to keep flowing to buyers abroad.
Western governments imposed sanctions on Russia after its invasion of Ukraine, aiming to limit energy revenues that fund the war.