How Russia's shadow fleet of oil tankers evades western sanctions
Summary
The U.S. and other Western countries have imposed sanctions on Russian oil exports since 2022. Russia uses a fleet of older oil tankers, called a "shadow fleet," to bypass these sanctions and continue its oil trade.Key Facts
- Western countries, including the U.S., have set sanctions against Russian oil since 2022.
- Russia is using older oil tankers to avoid these sanctions.
- This group of tankers is known as the "shadow fleet."
- These tankers help Russia keep trading oil despite the restrictions.
- The Planet Money team provides details on how this fleet works.
- The tankers in the shadow fleet are not easily tracked or regulated.
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