Sanctions That Bite vs. Sanctions That Leak: Enforcement, Evasion, and the Shadow Fleet in Russia’s Wartime Oil Trade
Deep Dive into Sanctions That Bite vs. Sanctions That Leak: Enforcement, Evasion, and the Shadow Fleet in Russia’s Wartime Oil TradeThe international sanctions imposed on Russia's oil trade following its invasion of Ukraine are characterized by a dynamic of both biting and leaking. Designed to limit Russian war revenues without triggering a global energy crisis, the sanctions cap oil prices and condition access to mainstream maritime services like shipping and insurance. These measures bite by forcing Russia to sell oil at a discount, increasing transaction costs, and making legitimate…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.