Restrictions have made it costlier for Russia to ship oil by sea. But they have also expanded the illicit shipping economy, with lasting consequences.
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Restrictions have made it costlier for Russia to ship oil by sea. But they have also expanded the illicit shipping economy, with lasting consequences.
By Jeanna Smialek
Discover how Western sanctions against Russia's maritime sector are reshaping global trade and impacting economies worldwide.
Britain and the European Union have imposed sweeping sanctions targeting Russia, particularly its shadow fleet of oil tankers,…
The EU has approved its 21st sanctions package against Russia, introducing a new provision that allows member states to…
Europe's campaign to choke off Russia's ability to finance its war in Ukraine through oil revenues began with sanctions,…
The European Council on Monday sanctioned five people and four organizations accused of supporting the country's so-called shadow…
As Western-insured tankers stop loading Russian crude because of the new EU cap, the "shadow fleet" may rule supreme.
