Russia’s Ghost Fleet: Billions in Sanctioned Oil

Russia’s shadow fleet—over 400 unregistered tankers—moves 4 million barrels of oil daily, funding the Kremlin’s war machine despite Western sanctions.

Western firms profit too—Greek, UK, German, and Norwegian companies have sold over $6 billion worth of ships now used in Russia’s oil trade.

One key player? John Ormerod, a British accountant backed by Lukoil, bought 25 tankers, moving 120 million barrels and generating $7.2 billion.

How do they evade sanctions? Ghost Mode—turning off tracking, swapping flags, and faking identities, making them nearly impossible to stop. #russia #putin #economy #geopolitics