Russia invented a new scheme to circumvent sanctions for oil trade - Yermak

Russia invented a new scheme to circumvent sanctions for oil trade - Yermak

Kyiv  •  UNN

July 19 2024, 10:36 AM • 26944 views

The head of the OP, Andriy Yermak, said that Russia is resorting to risky oil import schemes because of the sanctions. He called on Ukraine's international partners to tighten restrictions as Moscow gradually adapts to the sanctions.

Global sanctions are forcing Russia to resort to risky oil import schemes. However, as Moscow is gradually adapting, Ukraine's international partners should tighten restrictions. This was stated by the head of the Presidential Office, Andriy Yermak, UNN reports.

Details

Russia is also applying new methods of circumventing sanctions in the oil trade, using sanctioned Sovcomflot tankers for transportation

- Yermak said. 

According to him, The Oxis tanker received 1 million barrels of Urals oil from a sanctioned tanker in the Gulf of Oman.

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Russian tactics include disabling tracking systems and transmitting false location data.

This makes international control more difficult, but it also demonstrates the effectiveness of sanctions, forcing Russia to resort to complex and risky oil export schemes. Rising risks and costs mean problems for their sectors

- explained the head of the OP.

At the same time, he emphasized that Ukraine's international partners should increase sanctions pressure on Russia.

Recall

UK imposes shipping sanctions on 11 vessels for transporting oil from Russia