Despite the sanctions. Russia continues transshipment of oil near the coast of Greece
news.online.ua
Mon, 25 Nov 2024 19:11:00 +0200
Russia is secretly transshipping oil off the coast of GreeceAccording to the analytical company Vortexa, about 1 million barrels of diesel fuel, fuel oil and other petroleum products are transshipped near the islands of Lesbos and Chios in the Aegean Sea per month.
The area became popular after the Greek Navy began conducting exercises in the Gulf of Laconia, which used to be the No.
1 location for such exercises in Europe.
A sharp increase in the number of ships transporting Russian oil products in Europe and beyond has caused concern among environmentalists due to questions about the safety and insurance of ships involved in these shipments.This practice, sometimes carried out in secret, with radio beacons turned off, helps hide the origin of the oil to circumvent sanctions.It said shiptoship oil transfers are still taking place near the Laconian Gulf, but at a much slower rate after Greece began naval exercises.
The maneuvers did not touch one narrow stretch of water, and it is in this place that overloads are still carried out.Also, transshipments have become regular near the Italian port of Augusta since May.Why now is the perfect time for oil sanctions against the RussiaAccording to Julian Lee, an analyst of the publication on the oil market, the current mechanism of limiting the price of the sale of Russian oil has not led to a reduction in Russias income.Even with geopolitical tensions in the Middle East reaching their highest level in a decade, Brent crude oil is still hovering below 75 a barrel and dipped below 70 in September.
This is a quarter less than it was when the price cap was developed.The authors of the material emphasize that the sanctions imposed against individual ships of the shadow Russian fleet for selling oil to circumvent the introduced price ceiling proved to be limited in their success.
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