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Prominent shipbroker says ‘everybody knows’ how to sell tankers to fund Russia’s war and get away with it

Single-purpose companies, with nominee shareholders and escrow accounts that allow the beneficial owner to remain hidden and money to change hands without penalty are an open secret in London shipping, Marine Money forum told

Affinity managing director Richard Fulford-Smith says his industry is complicit in facilitating Russian oil trades that deliver $225bn in profit to fund Putin’s war on Ukraine

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