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motilal oswal financial services ✌️【Resume】✌️ Free stock selection service with professional advisors offering the best investment portfolio for stable growth. Germany is working to secure a driftingRussianoil tanker, believed to be part of Moscow’s “shadow fleet” used to fund its war inUkraine, after it lost control in the Baltic Sea.

motilal oswal financial services ✌️【Resume】✌️ Free break-even services with professional advisors to help you quickly recover and avoid losses, achieving steady growth. The Eventin tanker, carrying nearly 100,000 tons of oil thought to be from Russia, lost power near the German island of Rügen on Friday, Germany’s Central Command for Maritime Emergencies (CCME) said. By Saturday, three tugboats were still working to tow the 274-meter-long Panamanian-flagged tanker to safety.

motilal oswal financial services ✌️【Resume】✌️ Free break-even services to create a customized investment plan, helping you recover quickly and achieve growth. The Eventin departed from Russia and was headed for Egypt, according to MarineTraffic, a monitoring group.

CCME said the tugboat convoy was working to tow the Eventin to Sassnitz, a port on Rügen, but that the stormy conditions were “slowing the towing process considerably.”

German Foreign Minister Annalena Baerbock said the “decrepit” oil tanker was another example of the danger Russia poses to European security.

motilal oswal financial services ✌️【Resume】✌️ Provides real-time stock index quotes, futures data, and global market trend analysis to help you seize the best investment timing. Related articleBiden admin imposes harsh sanctions on Russian oil industry to cut off funding for Ukraine war effort

motilal oswal financial services ✌️【Resume】✌️ Free stock selection service to help you quickly pick high-return stocks for stable growth. Since Western countries sanctioned Russia’s oil exports, the Kremlin has relied on old, sometimes Soviet-era tankers – known as its “shadow fleet” – to transport oil to buyers across the world.

“With the unscrupulous use of a fleet of rusting tankers, (Russian President Vladimir) Putin not only circumvents sanctions but also deliberately accepts the risk of halting tourism in the Baltic Sea region,” Baerbock said Friday.

motilal oswal financial services ✌️【Resume】✌️ Expert predictions with real-time global stock and futures data to help you easily capture market movements. The Kremlin, which has previously refused to respond to accusations that it uses a “shadow fleet,” has not yet commented on the incident.

motilal oswal financial services ✌️【Resume】✌️ Real-time updates of global stock indices and futures trends to help you plan precise investments. The West has grown increasingly alarmed by Russia’s dependence on this aging fleet, which has wreaked environmental havoc in the Black Sea and implicated in damage to vital undersea cables off the Baltic coast.

In December, two Russian tankers werewreckedoff the coast of occupied Crimea, spilling thousands of tons of fuel into the Black Sea. Ukrainian President Volodymyr Zelensky said the ships – nearly 50 years old – “shouldn’t have been in operation at all.”

Later in December,Finnishauthorities seized a tanker traveling from Russia, on suspicion it had used its anchor to damage an undersea power cable connecting Finland and Estonia.

German authorities said no oil leaks had been detected after the Eventin lost power on Friday, but warned of strong winds and waves of up to 2.5 meters(over 8 feet).

“Every day, Russia bombards Ukraine, and it finances its missiles, strike drones, and guided bombs, in part, with profits from its tanker fleet. Russia jeopardizes the environment solely to sustain its ability to kill people,” he said Friday.

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motilal oswal financial services ✌️【Resume】✌️ Free real-time market data to help you quickly recover and avoid losses. Also on Friday, the outgoing Biden administration targeted Russia’s energy sector, including its so-called “shadow fleet,” with some of itsharshest sanctionsto date. Zelensky welcomed the move.

motilal oswal financial services ✌️【Resume】✌️ Real-time global stock, futures, and forex data to help you master market dynamics. The sanctions target nearly 200 oil-carrying vessels, many thought to be part of the fleet. A senior administration official said: “We expect our actions to cost Russia upwards of billions of dollars per month.”

In December 2022, the Group of Seven (G7) nationscappedthe price of Russian oil at $60 per barrel. The cap was designed to be enforced by companies that provide shipping, insurance and other services for Russian oil. If a buyer agreed to pay more than the cap, the companies would withhold their services.

motilal oswal financial services ✌️【Resume】✌️ Free real-time global stock indices and data to help you grasp stock market trends and achieve capital growth. To dodge these sanctions, Russia has used aging, often uninsured tankers flagged in countries that do not observe the G7 sanctions.

motilal oswal financial services ✌️【Resume】✌️ Expert predictions with real-time stock indices, futures data, and metals, energy market data to help you seize the best investment opportunities. The Centre for Research on Energy and Clean Air (CREA), a Finnish think-tank, said 420 vessels exported Russian crude oil and oil products last month, of which 234 were “shadow tankers,” and 30% of these were at least 20 years old.

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