EU Sanctions Stalled, Concerns Remain Over Russian "Shadow Fleet"

The European Union recently approved its 15th sanctions package against Russia, targeting 45 tankers from the "shadow fleet" and over 80 individuals and entities supporting the war. However, concerns remain over the effectiveness of these measures in curbing the activities of this fleet, which is involved in circumventing international sanctions on Russian oil exports.

Greece, a major shipping nation, has reportedly been stalling on the implementation of the new sanctions package, raising concerns about its commitment to enforcing these measures. This reluctance has fueled criticism from some quarters, with observers pointing to the significant role played by the City of London in facilitating financial transactions related to the "shadow fleet."

The "shadow fleet" comprises a network of vessels, often operating under flags of convenience, that are involved in transporting Russian oil to destinations outside of the purview of Western sanctions. These ships frequently engage in deceptive practices, such as switching off their AIS transponders to avoid detection and falsifying their documentation.

The continued operation of the "shadow fleet" poses several challenges, including:

• Environmental risks: These vessels often lack proper maintenance and safety standards, increasing the risk of oil spills and other environmental disasters.
• Funding the war: The revenues generated from the illegal oil trade are believed to be used to fund Russia's ongoing war in Ukraine.
• Undermining international law: The activities of the "shadow fleet" undermine international sanctions and pose a threat to the global rules-based order.

While the EU sanctions package represents a significant step in combating the "shadow fleet," more needs to be done to effectively address this challenge. This includes:

• Increased enforcement: Stronger enforcement of existing sanctions, including stricter inspections and penalties for non-compliance.
• International cooperation: Enhanced cooperation between countries to share intelligence and coordinate enforcement efforts.
• Addressing the root causes: Addressing the underlying factors that enable the "shadow fleet" to operate, such as the use of flags of convenience and the lack of transparency in the shipping industry.

The fight against the Russian "shadow fleet" is an ongoing challenge that requires a concerted and sustained effort from the international community.