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Wednesday, April 24, 2024

Russia put together a shadow fleet of oil tankers to beat Western sanctions, but a key bottleneck is emerging that could threaten flows

Russia’s shadow fleet of oil tankers was meant to circumvent Western sanctions by minimizing the need for European vessels, but it has been stretched thin, according to a Bloomberg report. Since Russia’s invasion of Ukraine last year, Moscow has increasingly relied on China and India as export …

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