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About Commodity Insights
31 May 2023 | 11:30 UTC
By Mark F. Esposito and Byron McKinney
Faced with tough Western sanctions, Russia is adapting a tried and tested playbook to conceal the origins of oil cargoes. Crimean waters and Russia's exclusive economic zone have become the preeminent locations for dark ship-to-ship transfers, where ships involved turn off their AIS transponders, leading to heightened trade risks.
Read more: Russia behind 225% spike in shadowy oil transfers at sea