How Russia dodges oil sanctions on an industrial scale

As another embargo looms, the grey trade is about to explode


  • by
  • 01 29, 2023
  • in Finance and economics

In the year since the war in Ukraine began, once-dominant Western firms have pulled back from trading, shipping and insuring Russian oil. In their place, mysterious newcomers have helped sell the country’s crude. They are based not in Geneva, but in Hong Kong or Dubai. Many have never dealt in the stuff before. The is becoming more dispersed, divided—and dangerous.

  • Source How Russia dodges oil sanctions on an industrial scale
  • you may also like