Russian Oil: Whose are these mysterious ships carrying Russian oil around the world? looking for owner

Posted on 3rd Mar 2023 by rohit kumar

Crude oil from Russia is still reaching buyers around the world. But how this oil is reaching different parts of the world remains a mystery. Agencies monitoring the Russian oil business are unable to trace which cargo ships the oil is being transported from.

 

Western countries have imposed strict sanctions on Russia since the start of the Ukraine war. From last December 5, he also fixed the maximum price of Russian oil. Under this, Western countries will be able to ban any transport or insurance company that cooperates in the sale of Russian oil at a price higher than that price. According to people associated with the oil business, mysterious cargo ships are carrying Russian oil, about which complete information is not available. The number of such ships is said to be around 600 and is increasing. This number is equal to ten percent of the total ships in the world engaged in oil transportation.

 

According to a report by the American TV channel CNN, the question of who the owner of the ships carrying Russian oil remains a puzzle. According to this report, after the western sanctions were imposed, the shipping companies of western countries stopped serving Russian oil. After that new ship operators emerged, whose identity remains a secret. It is estimated that these vessels are being operated by some shell companies based in Dubai or Hong Kong. They have also engaged many ships in this work, whose age has been completed and which are no longer safe to operate.

 

CNN reports that Russia is adamant about proving Western sanctions ineffective, so the importance of the mysterious ships has increased. The main market for Russian oil has now shifted from Europe to India and China. There has been an increase in the movement of ships of unclear identity in those areas.

 

Analysts say the increase in the number of such vessels is an example of the dramatic change in world oil markets since the start of the Ukraine war. Russia is the second largest exporter of oil in the world. In the last year, it has changed the way the oil business has been going on for decades. Due to this the energy system of the world has been divided into two parts.

 

Richards Matthews, head of research at old ship-breaking company EA Gibson, told CNN- 'There are cargo ships in the world now that are not involved in any kind of Russian business. On the other hand, there are ships that are only involved in Russian business.

 

Europe has distanced itself from Russian energy over the past year. But the number of buyers of Russian energy in Asia has increased. Russian oil exports to China and India reached record limits in January this year. According to experts, Russian oil tankers often have their AIS transponders switched off, making them difficult to monitor.

 

Also Read: Moody's: The slow pace of global growth will continue in 2023 as well, expressed this estimate for 2024

Other news