In August, 1 billion euros worth of Russian oil was transferred from ship to ship in EU waters

In August of this year, transshipment of Russian oil from ship to ship (STS) worth 1 billion euros was carried out in EU waters.

Approximately 73% of these shipments were carried out by tankers insured under G7+, said Anatoliy Amelin, co-founder and director of economic programs of the Ukrainian Institute for the Future.

According to him, the so-called “shadow” tankers, whose average age was 17 years, carried out environmentally dangerous ship-to-ship transportation in EU waters for a total of 273 million euros.

“Tankers carrying oil from Russia’s largest oil port in the Baltic in August changed hands for more than $1.5 billion after the invasion of Ukraine, underscoring the significant profits European shipowners have made from selling aging vessels that have fallen into the shadows fleet Of the 60 crude oil and product tankers loaded in Primorsk last month alone, 70% have changed hands since February 2022 (one of them three times), as shipowners benefited from rising demand for older tonnage to support Russian exports. of oil,” said Anatoly Amelin.

Read also: Which companies transport Rosneft, avoiding Ukrainian sanctions.

He also added that according to vessel tracking data and reports from port agents, 29 tankers loaded 21.99 million barrels of Russian crude oil in the week to September 8. Volume increased from 21.67 million barrels on 29 vessels the previous week. Thus, the daily supply of crude oil by sea by Russia increased by approximately 40,000 barrels to 3.14 million barrels per day during the specified period.

As previously reported by USM, Western companies continue to insure tankers transporting Russian oil.