Exceeded the pre -war level: the shadow oil market of the Russian Federation reached $ 11 billion - Bloomberg

According to journalists, Western sanctions forced the Kremlin to create a profitable business together with a large number of traders and shipping companies. Russia continues to earn oil exports despite sanctions. Its monthly income has grown to pre -war at the expense of the shadow fleet and even reached higher rates. About it writes Bloomberg.

According to journalists, Western sanctions, including a $ 60 -pricing ceiling for oil from the Russian Federation, forced the Kremlin to create a profitable business together with a large number of traders and shipping companies. The publication writes that the volume of this shadow market is about $ 11 billion a year.

According to Senior Researcher at the Center for Global Energy Policy of Columbia University, Eddie Fishman, the use of a shadow fleet and an alternative to maritime insurance from the event companies are not new ways of trading sanctions bypassing. According to Fishman, Iran has long been using these methods. "Now that they are used by such a large manufacturer as Russia, they have become more common," Fishman said. It is noted that the increasing significance of the shadow fleet is obvious.

Thus, in 2023, about 45% of Russian oil was transported. The material states that the West is trying to fight the bypass paths of Russia, however, as the source among the authorities of Greece told reporters, it is very difficult to prevent this activity. It is reported that the effectiveness of Western sanctions has declined. The reason is insufficient monitoring and failure to comply with the oil ceiling policy. In addition, the Russian Federation uses a "loophole" in the field of oil refining.

Legally, it allows the Kremlin to send oil from raw Russian oil to other countries. Recall that the director of the network of new geopolitical research, Michael Samus, told Focus that sanctions do not help to weaken the army of the Russian Federation. Yes, only by depriving Russia of income from the sale of natural resources and technologies for their production can it reduce the increase in the army of the Russian Federation.