Russia Will Rely on 'Shadow' Tanker Fleet to Keep Oil Flowing

Contributing sentiments towards policy:

53% : The other, known informally in the industry as the "shadow fleet," doesn't, allowing it to trade with Iran, Venezuela, and increasingly with Russia, the world's biggest exporter of crude and refined fuels.
46% : The shadow fleet grew a decade ago to ship Iranian oil after the U.S. tightened sanctions on Tehran in 2012, said John Smith, a partner at Morrison & Foerster LLP and former director of the U.S. Treasury's Office of Foreign Assets Control.
43% : It expanded again after then-President Donald Trump in 2018 hit Iran with sanctions, according to shipbrokers and companies that track vessel movements.
32% : Unlike Iran, whose oil sales are banned worldwide by U.S. sanctions, Russian crude will still be legal to buy and sell once the new restrictions come into effect.

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