Tom Wilson of the Financial Times reports that Moscow is using nine vessels sold by a U.K. shipbroker to move oil beyond the reach of Western sanctions. Wilson writes:
Shares of London-listed shipbroker Braemar have fallen 11 per cent in the past two days after the Financial Times reported its involvement in the sale of nine ageing oil tankers that have joined Russia’s “shadow fleet”.
Braemar’s shares fell 6 per cent to 261p on Friday – a six-month low – following a similar fall on Thursday. […]
In a call to action in July, 44 European leaders, including UK Prime Minister Sir Keir Starmer, pledged to target the shadow fleet’s “ships and facilitators” and called for the support of the maritime industry, including ship brokers.
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