Russia’s Shadow Oil Tanker Fleet Causes 50 Maritime Accidents

A report from Allianz SE highlights the serious environmental and safety risks posed by a burgeoning "shadow fleet" of oil tankers carrying sanctioned Russian crude. Over the past three years, as international sanctions on Russian oil and gas exports have tightened due to its invasion of Ukraine, a significant number of older, under-regulated vessels have emerged to maintain the flow of these exports. These tankers, often operating without proper insurance and outside international regulatory frameworks, present substantial hazards in key maritime…