Bloomberg exposes shadow fleet of Russian oil tankers

Bloomberg exposes shadow fleet of Russian oil tankers

Ukrinform
At least two India and UAE companies are helping Russia circumvent oil sanctions, imposed by Western democracies, through a shadow fleet of tankers.

That’s according to Bloomberg, an Ukrinform correspondent reports.

It is noted that the Dubai-registered Fractal and Gatik, Mumbai, own a total of $2 billion worth of oil tankers. The article says in less than a year, they assembled a fleet now delivering millions of barrels of Russian oil around the world.

It is noteworthy that the offices of both companies are registered in abandoned buildings, while their websites are either non-existent or irrelevant.

Read also: Increasing hydrocarbon extraction by NATO allies to deprive Russia of resources for war - expert

Practically all tankers operated by Gatik and Fractal this year checked into Russian ports or received cargo from Russia through ship-to-ship transfer.

The first tanker was jointly purchased by the two companies in June 2022, while the last purchase was made in February this year. The Gatik fleet can transport about 30 million barrels of oil and fuel, while Fractal’s capacity is about 15 million barrels, Bloomberg claims.

As reported earlier, neither India nor the UAE joined the international sanctions against the Russian oil and gas sector.

While citing and using any materials on the Internet, links to the website ukrinform.net not lower than the first paragraph are mandatory. In addition, citing the translated materials of foreign media outlets is possible only if there is a link to the website ukrinform.net and the website of a foreign media outlet. Materials marked as "Advertisement" or with a disclaimer reading "The material has been posted in accordance with Part 3 of Article 9 of the Law of Ukraine "On Advertising" No. 270/96-VR of July 3, 1996 and the Law of Ukraine "On the Media" No. 2849-Х of March 31, 2023 and on the basis of an agreement/invoice.

© 2015-2024 Ukrinform. All rights reserved.

Extended searchHide extended search
By period:
-