US Sanctions Threaten to Cripple Russia's Shadow Oil Fleet

On November fourth, the U.S. is set to impose severe sanctions on Russia's largest oil companies, marking a significant escalation in the war against Russia's energy income. These measures, including secondary penalties for banks and financial institutions, could seriously disrupt Russia's global trade. With GPS jamming incidents surging and more ships operating under false flags, Russia's 'shadow fleet' of tankers is under threat. Major Indian and Chinese buyers have already stopped purchasing Russian oil due to compliance concerns, potentially paralyzing half of Russia's oil export system if the U.S. follows through with secondary sanctions. The Daily News Now! - Every city. Every story. AI Powered. Hosted on Acast. See acast.com/privacy for more information.