Whale Large Capital
  • Politics
  • World News
  • Business
  • Investing
  • Politics
  • World News
  • Business
  • Investing

Whale Large Capital

Politics

Mideast oil powerhouse bans Russian ‘shadow fleet’ vessels that seek to undermine sanctions

by August 14, 2024
August 14, 2024
Mideast oil powerhouse bans Russian ‘shadow fleet’ vessels that seek to undermine sanctions

The United Arab Emirates has pushed back on Russia’s efforts to circumvent Western sanctions through a ‘shadow fleet’ by refusing entry to its port for any ship from the African country of Eswatini. 

‘Using a ‘shadow fleet’ to smuggle oil while concealing its origin, in order to circumvent Western economic sanctions has been part of Putin’s playbook of sanction-proofing Russia’s economy,’ Rebekah Koffler, a former DIA intelligence officer and author of ‘Putin’s Playbook,’ told Fox News Digital. 

‘Moscow anticipated U.S. sanctions prior to the invasion of Ukraine,’ Koffler said. ‘So, Putin has been sanction-proofing the Russian economy with several measures since 2014, when the Russian forces took over Crimea.’

‘The vessels comprising this dark fleet are typically aging, lack proper safety standards, lack insurance, hence they present a threat to maritime security as they can create a hazardous situation at any time,’ she added. 

A list of ships published by the UAE Ministry of Energy and Infrastructure names Eswatini as the latest country to which no services from any UAE ship agents or maritime company should be provided as they ‘are not complying with this circular to avoid legal accountability.’ 

‘…this Administration has decided to include the vessels registered under the flag state of Eswatini (Swaziland) to the existing list of restricted flag State vessels calling UAE waters and ports, unless they are classified by a member of IACS Class or by the Emirates Classification Society,’ the notice read. 

The flags of Eswatini started showing up this year, with ship broker Clarkson Research Services Ltd. reporting zero ships in 2023 registered under the Eswatini flag even as 26 such ships now sail the seas. 

Eswatini is a landlocked country in Southern Africa and has increasingly worked with Russia to transport oil as part of dodging sanctions. Bloomberg tracked the ownership of 18 Eswatini-flagged ships in ship-tracking data, finding that 16 had ‘unclear’ ownership, but that several tankers transported oil produced in Russia and Iran. 

The United States sanctioned three Eswatini ships for supporting the regime of Syrian President Bashar al-Assad and later helping export grain from Russian-occupied parts of Ukraine during the briefly brokered grain corridor, according to The Economist. 

A spokesman for the Eswatini ship registry told the outlet that the country delisted two of the ships for breaking the country’s administration guidelines of compliance, but one month later two of the ships continued to fly the Eswatini flag. The spokesman argued that once the country delists a ship, they stop following them, and any use of the flag is ‘illegal and invalid.’ 

The Atlantic Council think tank in January published a report on the growing Russian ‘dark fleet,’ estimating that 1,400 ships make up the fleet and operate in a ‘gray zone’ that makes it hard for countries to punish. 

The great concern, as both Koffler and the Atlantic Council noted, focuses on the poor condition of these ships since they operate illegally and do not want to raise suspicion from officials. 

The think tank called such ships ‘aging and poorly maintained,’ which has given rise to incidents that legitimate vessels end up having to pay for, since the shadow fleet lacks proper insurance.

That puts the burden on coastal nations, which are obligated under search-and-rescue convention to put in time and resources to help distressed illegal vessels without recourse. 

‘The potential harm to coastal states is tangible, but since the aggression doesn’t involve military, it means it’s virtually impossible for a country to avenge harm caused to it by a shadow vessel, even if it can prove the ship is transporting Russian cargo,’ Atlantic Council senior fellow Elisabeth Braw wrote. 

This post appeared first on FOX NEWS
0
FacebookTwitterGoogle +Pinterest
previous post
Mars to acquire snack maker Kellanova in $36 billion deal
next post
Iranian dissident rapper Toomaj Salehi cleared of charge after death sentence overturned

You may also like

Trump expresses ‘absolute confidence’ as Steve Witkoff is...

May 7, 2025

‘Clear corruption’: Jeffries faces complaint for pressing judges...

July 21, 2025

Obama urges Americans to ‘possibly sacrifice’ in resisting...

April 4, 2025

Vance says India-Pakistan conflict ‘none of our business’...

May 9, 2025

Blinken claims Trump’s Gaza ceasefire deal drew from...

October 13, 2025

SCOOP: Fiscal hawks fire warning shot at Senate...

July 15, 2025

Mike Johnson reveals how he’ll vote on Epstein...

November 18, 2025

With 4 days until voting starts, ‘election season’...

September 2, 2024

Judge blocks Trump admin from firing federal probationary...

April 2, 2025

Trump rejects Iran’s counter-proposal in nuclear negotiations: ‘it’s...

June 9, 2025

    Subscribe today to receive exclusive access to all our retirement secrets and income strategies, including special financial news and updates from our experts. From time to time, our newsletters feature valuable insights and analysis on the latest financial trends. Don't miss out on these exclusive updates – join our subscription to stay informed!


    By opting in you agree to receive emails from us. Your information is secure and your privacy is protected.



    Latest

    • From Biden’s ‘war’ on gas prices to ‘small price to pay’: GOP shifts tone as Iran conflict hits pumps

      March 13, 2026
    • US diplomatic facility in Iraq struck by drone

      March 13, 2026
    • From Biden’s ‘war’ on gas prices to ‘small price to pay,’ GOP shifts tone as Iran conflict hits pumps

      March 13, 2026
    • 171 million travelers face airport delays as Democrats’ DHS shutdown hits TSA staffing, Scalise warns

      March 13, 2026
    • FDA launches new AI-powered system to track drug and vaccine side effects nationwide

      March 13, 2026
    • Cornyn reverses on filibuster stance to push Trump’s SAVE Act in Senate

      March 13, 2026

    Categories

    • Business (855)
    • Investing (661)
    • Politics (7,925)
    • World News (3,213)

    Disclaimer: WhaleLargeCapital.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2026 whalelargecapital.com | All Rights Reserved