By Kyiv School of Economics KSE Institute has presented a study “Assessing Russia’s Shadow Fleet: Initial Build-Up, Links to the Global Shadow Fleet and Future Prospects”. Russia’s shadow fleet currently consists of 435 tankers and aims to circumvent sanctions on Russian oil, specifically the G7/EU price cap, by creating transport capacity independent of Western maritime services. Most importantly, shadow tankers do not carry oil spill insurance from the International Group. Russia’s reliance on the shadow fleet has grown considerably; in April 2024, 83% of crude oil and 46% of petroleum produ…