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Primary Method of Circumventing Oil Sanctions by Russia by Mid-2025?
2
Resolution / Starting Odds
Shadow Fleet • 25%
Shell Companies • 25%
Direct State Agreements • 25%
Other • 25%
Investigative reports from reputable international media outlets
Story
Russia's 'Shadow Fleet' Grows 70% Despite Sanctions, Lukoil Acquires 25 Tankers
Oct 14, 2024, 04:19 AM
A recent investigation by the Financial Times has revealed that Russia's 'shadow fleet' of oil tankers has significantly expanded despite Western sanctions. The report highlights that Moscow's capacity to transport oil on old, underinsured ships has increased by 70% since last year. The investigation also uncovers the involvement of a British accountant, a London-based broker, and Dubai companies in facilitating the acquisition of these vessels. Nearly one-third of the blacklisted ships are back at work, with the speed of their return increasing. Additionally, the Russian oil giant Lukoil has acquired 25 shadow tankers in less than a year. The report, supported by KSE Institute research, underscores the failure of sanctions to curb Russia's oil trade, which continues to thrive through various workarounds.
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Cryptocurrency usage • 25%
Alternative financial systems • 25%
Increased trade with non-sanctioning countries • 25%
Other methods • 25%
Use of 'shadow fleet' vessels • 25%
Ship-to-ship transfers • 25%
Fake documentation • 25%
Other • 25%
Increased use of 'dark fleet' • 25%
New trade partners • 25%
Price adjustments • 25%
Other • 25%
Increase in military presence • 25%
Retaliatory economic sanctions • 25%
Diplomatic negotiations • 25%
No significant response • 25%
Increase oil production • 25%
Decrease oil exports • 25%
Seek alternative markets • 25%
No significant action • 25%
China • 25%
India • 25%
Other Asian countries • 25%
Other • 25%
Crude oil • 25%
Refined products • 25%
Natural gas • 25%
Other • 25%
Military strike • 25%
Cyber attack • 25%
Economic sanctions • 25%
Diplomatic measures • 25%
Missile Strike • 25%
Cyber Attack • 25%
Increased Air Raids • 25%
Other • 25%
Establish Bitcoin reserve • 25%
Increase gold reserves • 25%
Strengthen trade with non-sanctioning countries • 25%
Other measures • 25%
Airstrikes • 25%
Cyberattacks • 25%
Ground invasion • 25%
Other • 25%