UK contributed to ‘shadow fleet’ evolution as sanctions side effect, says Sovcomflot
Russian government-controlled owner of more than 90 tankers says it is not subject to UK or G7 jurisdiction. It adds that sanctions ‘did not compulsorily apply’ to the company
On Wednesday, the UK sanctioned a further 10 tankers owned by Sovcomflot for breaching the oil price cap imposed on Russian oil and shipping. The company decries such sanctions as being completely counter-productive, arguing that trying to outlaw some ships has merely hot-housed the growth of a so-called ‘shadow fleet’ of tankers
