Shadow fleet of tankers keeps Russia's oil money flowing despite...

Contributing sentiments towards policy:

57% : Meanwhile it's questionable if the non-IG insurance could be counted on to pay the enormous cleanup costs in case an oil spill fouls a coastline in the Baltic, the Aegean or the English Channel, all routes used by tankers carrying oil from Russia's ports in the Baltic or the Black Sea to its markets in China, India and Turkey.
55% : Oil keeps Russia's trade balance in surplus, meaning it sells more than it buys from the rest of the work and has money to pay for imports.
52% : The shadow fleet is made up of aging tankers bought used, often by nontransparent entities with addresses in non-sanctioning countries such as the United Arab Emirates or the Marshall Islands, and flagged in places like Gabon or the Cook Islands.
51% : The new owners use new insurers in Russia or other non-Western locations.
46% : In May 2023, an 18-year-old shadow tanker carrying 340,000 barrels of Russian oil products from the port of Vysotsk on the Baltic lost engine power and almost ran aground while passing through the narrow Danish Straits.
45% : "Specific vessels identified as being part of Russia´s shadow fleet have been registered into the system so they can be closely monitored when approaching key areas of interest," the U.K. Ministry of Defense said in a statement.

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