India and UAE companies help the Russian Federation to circumvent sanctions - Bloomberg

According to journalists, Moscow is provided by Fractal oil tankers, registered in Dubai and Gatik from Mumbai. In India and the United Arab Emirates, the Russian Federation helps to bypass sanctions. About it reports Bloomberg. According to the publication, these countries have 2 companies that contribute to Russia to avoid sanctions, giving it oil tankers. We are talking about Fractal, which is registered in Dubai, as well as Gatik from Indian Mumbai. Together, they own assets for $ 2 billion.

It is noted that the site of Gatik is in the development stage, and the site of Fractal has only the address of e -mail for employment. The tankers of these companies went to the ports of Russia this year or overload Russian products. Both of these companies can carry 45 million barrels of oil and fuel. In particular, the Jumbo Tanker Gatik, which was purchased in early February this year, was noticed at the port of Ust-Lug in the Baltic Sea on February 11.

India and the UAE have not joined the sanctions of the event on Russian oil. Due to the strengthening of economic sanctions on Russia, more and more ships are joining the shadow fleet, which sends Russian export oil to clients. This group has about 600 ships, or 10% of all large world tankers. For the most part, the Russian Federation resorts to the Dubai and Hong Kong Falve companies. To do this, buy vessels in Europe or use old ones who have already been written off.

Russian oil companies have problems with exporting diesel fuel, which has been under February under the influence of European embargo. Despite the discounts that reach one third of the world prices, the Russian diesel stays in tankers and waits for buyers. According to Bloomberg, in early spring, an unborn diesel on ships was 4. 4 million barrels. Over the last month, the fuel volumes have increased 4 times. Earlier, Bloomberg reported that India banks help Russia to circumstance.