Russia Shipping Crisis | Putin JUST SHOCKED The West With SECRET Oil Tankers, IGNORES EU Sanctions
#russia #economy #oil
The last several months have seen an abnormally high shift in tanker ownership. According to analysts and maritime industry experts, this is Russia’s attempt to transport huge amounts of its oil and companies to profit from Russian sanctions.
The so called ‘black’ or ‘shadow’ fleet of oil tankers continues to expand. And they are transporting oil from sanctioned producers like Iran and Venezuela and growing amounts of oil and goods from Russia.
Russia has stated that it would not accept the $60 per barrel price ceiling imposed by the European Union and the G7. They also announced that they would only transact with “friendly” countries prepared to buy their crude oil without requiring insurance from Western firms.
That’s why today, we are going to talk about Russia’s strategic master plan to dodge the EU and its sanctions.
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Thanks For Watching Our Video; Russia Shipping Crisis | Putin JUST SHOCKED The West With SECRET Oil Tankers, IGNORES EU Sanctions
Now, hundreds of ships, largely older ones destined for scrap, have changed ownership before the EU embargo on imports of Russian crude oil took effect on December 5. And companies that are not part of the EU or G7, such as Dubai-based companies, now operate them.
There has also been an uptick in the number of ships discovered at Russian ports loading oil.
Experts say shipping oil in outdated tankers without insurance protection from EU or G7 is a recipe for disaster. And according to analysts, this is Russia’s grand strategy to avoid EU sanctions.
It is now illegal for ships carrying EU flags to transport crude oil from Russia. And since Greek-owned ships carry almost half of Russia’s oil exports, the prohibition has led to a severe shortage of vessels able to transport the country’s crude.
However, the sanctions affect more than just ships flying the EU flag since they restrict the use of European maritime services. Insurance policies for ships are also included.
You see, almost all marine insurance is provided by firms headquartered in the United Kingdom or the European Union. They include nearly all ships, meaning the embargo may effectively stop oil from being shipped all around the world.
And most ports in and beyond the EU, such as those in India and China, will not accept ships that do not have insurance against crashes or oil leaks.
The EU has also announced that it would suspend insurance and other marine services for non-EU flagged ships discovered transporting sanctioned Russian crude for 90 days.
And due to sanctions, established shipping firms have stopped transporting Russian oil. Therefore, Russia’s shadow fleet would easily fill this void.
This fleet would now be insured by a Russian company and would not be subject to EU regulations.
So far, most but not all Russian marine insurance is recognized by ports in India and China. Similarly, several Asian businesses have emerged to insure Russian cargo ships.
Currently, major buyers of Russian crude include China, India, and Turkey. And this shows a significant movement from European Union to non-EU purchasers since the conflict in Ukraine.
Now, research firm Windward monitored vessel routes in August to see how oil tankers smuggled from Russia. In fact, its researchers discovered tankers departing Russian ports on random, illogical trips to the middle of the North Atlantic.
The North Atlantic is a peaceful stretch of water just beyond EU territory. Afterward, they’d switch off their monitoring devices and return to their original departure points without as much cargo.
Basically, a trip without a final port of call signifies a ship-to-ship transfer, during which goods are unloaded at sea, out of sight of government inspectors.
Moreover, the automated identification system or AIS is widely utilized in many industries, yet some tankers tampered with its transmitters.
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I’m so thrilled that Russia was ready for all of the sanctions thrown their way. African-Americans for Russian
This is an amazing video and i enjoyed every bit of it. And i'm also excited to share my investment experience so far this year. I believe it will help a lot of people here who are confused on how to startup theirs and be productive for the year….
Russia has to do what it needs to do. The world shouldn’t punish because of stupidity. The entire world needs the fuel. At a reasonable price. And that the truth. 🍷🍷🍷🍷🍷
Good who the hell does g 7 think they are
The EU sanctions are illegal, so sanctioned nations must do what they need to do. Just the EU empire trying to control the world, as usual.
F**k EU and G7 and NATO. Disband all of them and let the americans go home and leave us alone. Friends don't stab friends in the back and do anything in their power to collapse their economies like the US is doing for decades and decades
Very good .
Good riddance to Greeks
Putin will outsmart all of them
This isn’t a master strategy. There is no effective strategy against the price cap. Why is this so?
It’s really simple, the price cap is to devalue Russian oil by restricting the amount of customers Russia has available to it. Russia does not have access to the whole market anymore so the few countries it can sell to have leverage in price negotiations
Don’t believe me? Just check what Russia is selling its oil for 🥳🥳
It's tough and challenging to outsmart Washington District of Criminals and the British s(c)umbags. Wishing Russia the best of luck and success.
Russia can't allow these arrogant EU and Us To destroy the biz. EU and US are pushing Ukraine into war with Russia deeper. None of these two countries is loosing it's people but only the Ukrainians.
Russia has lived under US conditions for decades and it has prospered while the US has been falling apart at the same time.
Goed punt voor Putin….!! Ga gewoon om Europa heen…..!!
This is a good option for Russia 🇷🇺. Would like to see Russia produce newer tank ships, perhaps self insure. Certainly Russia has a right to sell and trade.
lol🤣🤣🤣🤣🤣
West is the problem to world
My wife deals with shipping and there are a huge amount of these tankers arriving in Africa. Its business as usual for us. What we have realised is, these ships are delivering their cargo to the EU. Funny how the Eu is circumventing their own sanctions. Its a real joke. The black market is flourishing.
Fantastic strategy… To humiliate the Western Nazi's and their apartheid allies!
This world doesnt belong to eu.
I'm worried about the environment there will be carnage with these old ships
Zzzz Putin wins again 🎊🎊
What I understand is that a new type of market has started and will never stop even after the conflict. The united nation days are numbered.
EU nd British tankers will loose revenue and freight hurting seriously jobs in EU and UK further. shipping industry and deteriorate economy for all times in future.
Energy is saving lives, some from freezing, some from starvation.
Good 4 russia
If russia does this nato will damage some of the ships and cause a spill. After all they made a virus and admitted (Angela Berkeley) that they negotiate the minsk agreements in bad faith. It will happen; shadow a shadow fleet tanker will fail and CNN will be plastered with images of oily baby birds
This is old news. Still, it cannot get close to what russia has lost to the eu.
The west applies sanctions to countries too small to fight back. Over confidence they could crush Russia in 2 or 3 weeks has been their undoing they failed to stop and think what if it does not work, they have no way out of the mess other than to pretend more sanctions will bring results. The first "Rule of holes when in one stop digging." If you're a Westerner and have excess cash in the Bank GET IT OUT all these countries have BAIL IN as law meaning when the Banks fall they can seize your cash to stay afloat and give you an IOU promising to pay it back and Coins are a PONZI.
I understand Russias motives, but enviromentally could be very devastateing. Someone is getting Very Rich. The US congress and biden are alot of corrupt players, along with that garbage country Ukraine and corrupt zylentsky.
This is the start of a Multi-Polar benefit.
Change in world order is long overdue
Just like all other sanctions and western weapons for war criminals like Zelensky.. Russia always find a way to trade and to defeat the Nato troops. And it will only get worse for the west from here.
Well done Russia
😂❤, there’s always the ways from whom to find out, how’s about the democracy lunatic🇺🇸🇬🇧🎭🇺🇦, and the western .
Then blockade and use countries coast guards and navy no tollarance given one waring then sunk no excesses no exseptions same should go for china's fishing fleet plus America should pull it defence from Saudi they can afford their own assets and are acting against the US as well as other countries leave leave Iran and saudies fight it out
When there,s a oil spill Russia has to pay for the clean up which they probably won’t,
Russia, will export , oil, and other stuff , to all friendly countries , and the collective west, or , the other ZION CRIMINALS, is nothing much more they can do…….
😂🤣😂 tanker over 15 years old!!, will do another 15 years no problem