Dark ship-to-ship transfers keep Russian oil flowing despite sanctions
Oil Markets
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The Rise of Dark Ship to Ship Transfer in Russia's Exclusive Economy Zone
In the first quarter of this year, we took a deep dive into several databases of SMP global. The number of dark ships to ship transfer amounted to 266 in the three months period. And a year ago, it was just four,. So you can imagine that from 4 to 266, let's say, a very big jump. What we are seeing is that obviously Russia has a strong incentives to conceal cargo origin.
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