Tankers shipping Russian oil defy regulators as UK-sanctioned shipping companies disband
Companies sanctioned by the UK’s Office of Financial Sanctions Implementation no longer operate or manage any ships, which have moved to new companies
New technical, commercial and shipmanagement structures established to move tankers, underscoring what many describe as a giant game of regulatory ‘whack-a-mole’ under way in sanctions compliance and enforcement for the G7 oil price cap