Russia's Evolving Tactics for Sanctions Evasion.
Five non-sanctioning countries, including China, India, Turkey, UAE, and Singapore, have been identified as "launderers" of Russian oil, which is blended with non-Russian origin crude and re-exported globally, including to the very nations enforcing the price cap and embargo in what is described as a "major loophole" in the sanctions regime. The Helsinki-based research organization suggests the price cap countries use their clout in insurance and shipping industries to ban imports from refineries receiving any Russian crude, deny imports of refined oil products of Russian origin, as well as ban maritime services in perpetuity to vessels used to transport Russian crude without complying with the price cap.
- The dirty five laundering Russia's oil – Asia Times Asia Times
- Luxury Imports to Russia Take a Detour Around Sanctions — Through Dubai The New York Times
- Dedollarization, ghost trades: Russia skirts sanctions over war Business Insider
- Russia’s sanctions-dodging is getting ever more sophisticated | Mint Mint
- Russian sanctions evasion shows circumvention is the biggest threat to Europe EURACTIV
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