Russia’s MIND BLOWING Secret Oil Tankers JUST DESTROYED EU And The West

Russia’s MIND BLOWING Secret Oil Tankers JUST DESTROYED EU And The West #russia #oil #gas Russia’s ’dark fleet’ of tankers is causing waves in the international oil trade. By using covert tactics to circumvent Western sanctions and pricing restrictions, this shadowy group of vessels is enabling Russia to export its oil without restriction . But at what cost? These shadowy vessels, owned and operated by Russian companies, have caused frustration and concern among Western nations due to their difficult trade environment. If You Like This Video; Like, Share, Comment And Subscribe. This Means A Lot For Us! Thanks For Watching Our Video; Russia’s MIND BLOWING Secret Oil Tankers JUST DESTROYED EU And The West A fleet of older tankers worth $2.2 billion has been assembled to keep Russian crude and fuel exports flowing, and some freight rates have surged as a result. These tankers are often older and began to show up when a flurry of vessels began changing hands to undisclosed buyers at exorbitant rates last year. This ’gray fleet’ has sliced off a chunk of the conventional fleet, creating a more difficult trade environment. Since sanctions came into effect on Russian refined fuels earlier this month, vessels hauling oil products across the Atlantic have posted a fivefold increase in their daily earnings. This surge in freight rates has led to executives questioning whether they will ever return to serving everyone else. So, how exactly does the ’dark fleet’ operate, and how has it been able to evade detection for so long? The answer lies in a complex network of ships and strategies that have allowed Russia to transport oil to countries while still under strict sanctions. This secretive network of tankers was created last year to evade Western sanctions. It has allowed Russia to continue to sell its crude well-above the $60 price cap imposed by these sanctions. It’s now estimated that around 50% of Russia’s oil sales are conducted through this fleet. So why is this such a big deal? Well, it turns out that Western sanctions prevent Russian oil suppliers from using shipping and insurance services, unless crude is sold below a certain price threshold. But Russia’s ’dark fleet’ is allowing them to get around this cap and sell their crude well-above the limit. Sanctions often create shadow infrastructures that bypass and evade regulations. In the case of Russia’s oil trade, over 400 “ghost“ or “shadow“ tankers are currently helping the Kremlin reroute its oil to countries like China and India, who do not participate in the G7 price cap regime. Russia’s shadow tankers usually sail under so-called flags of convenience, including countries like Cameroon, Palau, and Panama. These flags are privately managed registries that sometimes lack the capacity or political will to enforce maritime rules on their vessels. This allows sanction-subverting tankers to obtain false identification numbers and to register their vessels through anonymous offshore shell companies. It’s estimated that over 100 vessels currently sail under false flags, allowing them to operate outside of international regulations. Tankers also often switch off or manipulate vessel-tracking systems to conceal their activities from insurers and maritime authorities. VesselsValue estimates that over $850 million was spent expanding the ’dark fleet’ of fuel tankers last year, in addition to $1.4 billion invested in crude oil carrying ships. Over 100 fuel tankers have been sold to countries outside of the G-7 or the European Union since the invasion of Ukraine. A European Union ban on almost all seaborne petroleum imports from Russia has meant ships have to sail longer distances. This has made the fleet less efficient and boosts demand for vessels and the cost of freight. But it’s not just about money. Russia’s use of ’dark fleet’ is also about exerting influence and expanding its sphere of power. By providing countries with much-needed resources, Russia is able to build relationships and influence policy decisions. This helps to challenge the existing world order and expand its own sphere of influence. Despite facing Western sanctions and a sharp drop in revenue. Russia’s oil export volumes have rebounded to levels last seen before it invaded Ukraine, according to the International Energy Agency. However, the Group of Seven nations has imposed a cap on the price of Russian oil and oil products, and a smaller pool of buyers can also negotiate greater discounts. As a result, trade of Russian oil has become more complex, and many Western shippers have pulled back. More Details In The Video