The Shadow Fleet Secrets

European shipowners keep Russia’s shadow fleet afloat – and cash in billions

Western shipowners received more than 6 billion dollars by selling old oil tankers to a shadow fleet transporting Russian oil, an international investigation led by Follow the Money has found. German, Norwegian, British and above all Greek businesses profited from exceptionally high prices for old, rusty and unsafe tankers. These ships are now used to transport Russian oil, circumvent sanctions, and fund Russia's war in Ukraine.

Image: © Follow the Money