Energy

Russia's Shadow Fleet - a loosely regulated network of aging tankers used to evade sanctions, and fund the Russian invasion of Ukraine, has become a major maritime safety and environmental threat. The vessels often operate under fake flags, falsified documents and inadequate insurance, making accidents likely to occur, and difficult to hold anyone accountable for. In response, various nations are starting to take action to curtail the illegal activity, and reduce the risk of accidents.

India is heavily involved in Russia's Shadow Fleet operations, receiving 53% of Russian seaborne crude imports. Many Indian shipping companies are implicated in transporting sanctioned oil, with owners often registrered in secrecy jurisdictions. As internatonal pressure grows, Indian companies are under scrutiny to distance themselves from Russia's shadowy oil trade.

Inside the Sanctions-Evasion Network Behind Russian Oil

Eyyub and Garayev's network is responsible for a significant portion of Russion oil exports, but the personal relationship between them and Russian state fugures is becoming strained in the face of scrutiny and sanctions.