It means official Russian shipment of oil has decreased, but what takes its place is the growth of ‘shadow’ tankers. And that reduces G7+ shipping industry’s leverage over Russia. It's in the article linked above. Most of the shadow tankers have helped Russia's oil trade stay alive https://apnews.com/article/russia-sanctions-shadow-fleet-oil..., mainly due to Chinese entities. But recently EU has put more sanctions on China for that https://www.reuters.com/world/europe/eu-adopts-new-russia-sa...The co-mingling of Russian and Chinese naval forces is also very evident recently, with the recent cutting of European underwater cable. Are Russia and China conducting undersea sabotage? | DW News
https://www.youtube.com/watch?v=2ObgVV-HJtI
SanjayMehta|1 year ago
Doesn’t make their oil carrying capacity any lesser.
JumpCrisscross|1 year ago
They’re derelicts fond of puking up their contents [1]. More practically, dark crude sells at a 20 to 30% discount. (Granted, I know the Indian numbers more confidently than the Chinese refiners’.)
[1] https://www.politico.eu/article/russia-shadow-fleet-tanker-o...
tim333|1 year ago
red-iron-pine|1 year ago
this is still a question? yes, they are.