Russia has expanded the capacity of its shadow fleet of oil tankers by almost 70 per cent year-on-year despite a recent crackdown on insurers and shipping companies enabling Moscow to circumvent western sanctions, new research has shown.
The volume of Russian oil transported by poorly maintained and underinsured tankers has increased from 2.4mn barrels per day in June 2023 to 4.1mn in June 2024, according to a report published by the Kyiv School of Economics (KSE) on Monday.
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