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Tag: bypass

India ditches dollar to bypass sanctions on Russian oil – Reuters

Local refiners are reportedly using UAE dirhams to pay for most of the Russian oil bought from Dubai-based traders Indian refiners are now using Emirati dirhams instead of US dollars to pay for most of the Russian oil they purchase via traders based in the United Arab Emirates, Reuters reported last week, citing sources familiar with the matter. The Indian authorities have not supported the…

Russia forms ‘shadow fleet’ to bypass oil sanctions – FT

The country has allegedly purchased or reallocated more than 100 tanker ships over the last year Russia has assembled a “shadow fleet” to circumvent Western oil sanctions, the Financial Times claimed on Saturday. According to the outlet, Moscow has “quietly amassed a fleet of over 100 aging tankers.”  Citing the energy consultancy Rystad, FT reported that Russia has taken control of 103 tankers since the…

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