Thu Sep 19 07:34:58 UTC 2024: ## Russia’s “Shadow Fleet” Keeps Oil Flowing Despite Sanctions: Experts Warn of Geopolitical Risks

**Moscow, Russia -** Despite stringent Western sanctions and price caps on Russian oil, Moscow continues to export crude oil at near-record levels, thanks to a burgeoning “shadow fleet” of tankers. According to a recent analysis by OilPrice.com, this fleet, largely comprised of aging vessels, allows Russia to circumvent international restrictions and maintain its oil revenues.

While the Kremlin faces significant challenges in accessing Western insurance and financing for its oil shipments, experts warn that the reliance on this “shadow fleet” presents a significant geopolitical risk. The use of older vessels, often operating under flags of convenience, raises concerns about environmental pollution, safety hazards, and a potential for oil spills.

“The Russian shadow fleet is a ticking geopolitical timebomb,” warns Antonio Garcia, author of the OilPrice.com report. “While it helps Russia to maintain its oil exports, it also creates a significant risk of environmental disasters and undermines global efforts to limit oil production.”

The development of this “shadow fleet” underscores the limitations of sanctions in achieving their intended goal of crippling the Russian economy. The Kremlin’s resourcefulness in exploiting loopholes and utilizing alternative channels highlights the need for international cooperation to effectively manage the geopolitical challenges posed by Russia’s oil exports.

The situation has sparked debate among analysts, with some arguing for stricter sanctions targeting the “shadow fleet” while others emphasize the need for diplomatic solutions to resolve the ongoing conflict. The use of older vessels, often with questionable safety and environmental standards, raises concerns about the potential for accidents and oil spills. The situation underscores the need for a comprehensive approach to address the geopolitical risks posed by Russia’s “shadow fleet” and ensure the stability of global energy markets.

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