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Russia’s Shadow Oil Tanker Fleet Becomes Everyone Else’s Problem

  • Russia’s amassing of fuel tankers triggered hike in freight
  • Over $2 billion has been spent on vessels to beat sanctions

A $2.2 billion fleet of oil tankers has been assembled to keep Russian crude and fuels exports flowing. 

Now, as some freight rates surge, executives are starting to ponder if they’ll ever return to serving everyone else.