Report Exposes Russia's Shadow Oil Trade
A report by the Centre for Research on Energy and Clean Air has exposed Russia's secret oil trade. To circumvent sanctions introduced after their illegal invasion of Ukraine, Moscow has purchased a fleet of old, uninsured oil tankers to quietly move crude oil around the world.
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00:00Uninsured Russian oil tankers are secretly transporting millions of tons of crude oil
00:06around the globe, according to a report by the Centre for Research on Energy and Clean Air.
00:12Russia reportedly assembled the fleet of so-called shadow tankers to circumvent sanctions.
00:19The group of seven nations, including the US and the biggest EU economies,
00:24introduced a US$60 price cap per barrel of Russian oil as punishment for Moscow's invasion
00:31of Ukraine in 2022. Environmental groups are warning that it's only a matter of time before
00:37one of the uninsured vessels is involved in a catastrophic incident, leaving nearby countries
00:43footing the clean-up bill.