"The shadow fleet has become a lifeline for Moscow, allowing Russian oil and other commodities to reach global markets despite sanctions imposed in response to the ongoing war in Ukraine. While most of these tankers continue to operate with relative freedom, several have recently come under increasing scrutiny. France, Germany, Finland, and Italy have all conducted raids on vessels suspected of evading sanctions, both at ports and on the open sea."
"Patrushev, who also serves as secretary of the Security Council, described European raids on Russian-owned vessels as "piracy" and warned that further escalation could provoke a direct military response. "If we do not give them a strong resistance, then soon the British, the French and even the Baltics will become arrogant to such an extent that they will try to completely block our country's access to the seas, at least in the Atlantic basin," Patrushev said."
Nikolai Patrushev, a senior Kremlin aide and former FSB head, warned that Moscow may respond with naval force if European nations continue targeting Russian shipping in the Baltic. The warning followed European raids on vessels linked to a large network of sanctioned tankers known as the shadow fleet. The shadow fleet allows Russian oil and commodities to reach global markets despite sanctions. France, Germany, Finland and Italy have conducted seizures and raids, including the French Navy's January seizure of the tanker GRINCH, which was later released after a multi-million-euro fine. Ukrainian and U.S. operations have also challenged the network.
Read at London Business News | Londonlovesbusiness.com
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