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What will be the primary method used by the UK and EU to target Russia's shadow fleet by the end of 2024?
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Resolution / Starting Odds
New sanctions • 25%
Information sharing • 25%
Coordinated maritime response • 25%
Other • 25%
Official announcements from the UK and EU governments or reputable news sources
Story
UK and EU to Target Russia's Shadow Fleet Amid 1,800% Rise in Indian Oil Imports
Jul 15, 2024, 10:04 AM
India has significantly increased its imports of Russian oil by 1,800% since before the war in Ukraine, much of which is resold. China has also increased its imports by 43%, primarily for domestic use. This oil is often shipped using Russia's shadow fleet, circumventing international sanctions. Western analysts note that sanctions have grounded 53 Russian tankers, indicating some effectiveness. In response, the UK and a group of European nations plan to launch a 'call to action' to target Russia's shadow fleet. This initiative will involve new sanctions, information sharing, and a coordinated response, with the maritime industry being urged to comply.
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Similar markets
Further sanctions • 25%
Seizure of vessels • 25%
Diplomatic measures • 25%
No significant action • 25%
Increase surveillance and monitoring • 25%
Impose stricter financial sanctions • 25%
Implement technological solutions for tracking • 25%
Other • 25%
Increased maritime patrols • 33%
New sanctions on shipping companies • 33%
Collaborative international maritime operations • 34%
Oil and gas • 25%
Shipping and logistics • 25%
Insurance • 25%
Other • 25%
Yes • 50%
No • 50%
United States • 25%
Germany • 25%
France • 25%
Other • 25%
Increased airstrikes on Ukrainian territory • 25%
Cyber attacks • 25%
Economic sanctions • 25%
Other • 25%
Yes • 50%
No • 50%