2024-10-22 | Russia's Blood Oil Transported by a Shadow Fleet of over 600 Tankers

Silicon Curtain

2024-10-22 | Moscow has been using old, underinsured ships to transport oil, and is estimated their capacity has increased by 70% since last year. This is despite a recent crackdown on insurers and shipping companies that are apparently enabling Moscow to circumvent Western sanctions. ---------- SILICON CURTAIN FILM FUNDRAISER - A project to make a documentary film in Ukraine, to raise awareness of Ukraine's struggle and in supporting a team running aid convoys to Ukraine's frontline towns. https://buymeacoffee.com/siliconcurtain/extras ---------- Shares in shipbroker Braemar fell after the Financial Times of London release a report on the Russian ‘shadow fleet’, and how it’s using ancient vessels to move oil beyond the reach of western sanctions. The ‘shadow fleet’ is estimated to consist of more than 400 vessels that are moving about 4 million barrels of oil per day. The Financial Times alleged involvement of Braemar, causing its stock to fall 11% in two days. London has long been a global centre of the maritime industry and Braemar, founded in 1982, is one of the industry’s leading brokers. Their business model is to match buyers and sellers of vessels in return for a percentage of the purchase price. It would be scandalous indeed, if they were involved in brokering to build up Russia’s shadow fleet that it props up its war economy and the war machine that is focused on the annihilation of Ukraine. Oil that Russia transports using this fleet generates billions of dollars a year in additional revenue. The FT reported that at least 25 of shadow fleet vessels had been purchased by a British accountant on behalf of Eiger Shipping DMCC, the Dubai-based shipping arm of Lukoil, Russia’s second-largest oil producer. Eiger, it is alleged, financed the acquisitions by paying in advance to charter the vessels. The accountant’s lawyers, and another person, told the FT Braemar was fully aware the vessels were being acquired for, and financed by, Eiger. ---------- Sources and recommended reading: https://www.ft.com/content/57b85fab-fa44-4881-b7ed-543116920fa7 https://www.ft.com/content/b9dee3f3-c2f8-4aa1-b0d9-d207f815b6e5 https://www.politico.eu/article/revealed-putins-sanctions-busting-shadow-fleet-is-spilling-oil-all-over-the-world/ https://euromaidanpress.com/2024/10/15/ukraines-foreign-minister-calls-on-europe-to-fight-russias-shadow-fleet-of-tankers/ ---------- SUPPORT THE CHANNEL: https://www.buymeacoffee.com/siliconcurtain https://www.patreon.com/siliconcurtain ---------- TRUSTED CHARITIES ON THE GROUND: Save Ukraine https://www.saveukraineua.org/ Superhumans - Hospital for war traumas https://superhumans.com/en/ UNBROKEN - Treatment. Prosthesis. Rehabilitation for Ukrainians in Ukraine https://unbroken.org.ua/ Come Back Alive https://savelife.in.ua/en/ Chefs For Ukraine - World Central Kitchen https://wck.org/relief/activation-chefs-for-ukraine UNITED24 - An initiative of President Zelenskyy https://u24.gov.ua/ Serhiy Prytula Charity Foundation https://prytulafoundation.org NGO “Herojam Slava” https://heroiamslava.org/ kharpp - Reconstruction project supporting communities in Kharkiv and Przemysl https://kharpp.com/ NOR DOG Animal Rescue https://www.nor-dog.org/home/ ---------- PLATFORMS: Twitter: https://twitter.com/CurtainSilicon Instagram: https://www.instagram.com/siliconcurtain/ Podcast: https://open.spotify.com/show/4thRZj6NO7y93zG11JMtqm Linkedin: https://www.linkedin.com/in/finkjonathan/ Patreon: https://www.patreon.com/siliconcurtain ---------- Welcome to the Silicon Curtain podcast. Please like and subscribe if you like the content we produce. It will really help to increase the popularity of our content in YouTube’s algorithm. Our material is now being made available on popular podcasting platforms as well, such as Spotify and Apple Podcasts.