Blacklisted but Not Blocked: How Russia Keeps Its Oil Exports Moving
Sanctions remain a “tax on circumvention” rather than a serious obstacle to Russia’s war effort Since the G7 price cap on Russian oil took effect in December 2022, Moscow has built a parallel logistics system comprising ageing tankers with opaque ownership, flags of convenience, and Russian insurance coverage. The West has responded with ever-longer lists of sanctioned vessels. But is this…
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