Lebanon’s sanctioned oil scandal exposes links to global shadow fleet and leads to new inquiries
Dozens of shipping and legal documents have tied one of Lebanon's biggest fuel scandals to a prominent Russian-linked shadow maritime network now under western sanctions. Companies subject to G7 or EU rules generally cannot provide shipping, insurance and financial services for seaborne Russian oil sold to third countries above the applicable price cap. Since 2023, the price cap has been set at…
Lebanon's fuel scandal, which has exposed ties to a global shadow maritime network, has led to new inquiries and investigations. Dozens of shipping and legal documents have revealed connections to a prominent Russian-linked shadow fleet, now under western sanctions. The scandal, which has cost Lebanon tens of millions of dollars, involves falsified certificates of origin to sell overpriced Russian fuel at market prices.
This has triggered at least three legal cases and the sanctioning of eight companies and 15 vessels linked to the 2Rivers Group, a key player in the alleged scheme. Lebanon's Energy Minister, Joseph Saddi, stated that he was unaware of the price-cap violations before the scandal became public and that his ministry has taken steps to prevent similar irregularities.
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