TFIGlobal
TFIGlobal
[tfi_websites]
No Result
View All Result
  • Indo-Pacific
  • Americas
  • Canada
  • Indian Subcontinent
  • West Asia
  • Europe
  • Africa
  • The Caribbean
TFIGlobal
  • Indo-Pacific
  • Americas
  • Canada
  • Indian Subcontinent
  • West Asia
  • Europe
  • Africa
  • The Caribbean
No Result
View All Result
TFIGlobal
TFIGlobal
No Result
View All Result
  • Indo-Pacific
  • Americas
  • Canada
  • Indian Subcontinent
  • West Asia
  • Europe
  • Africa
  • The Caribbean

‘Old Tankers Never Die!’ Russian model of Oil Profiteering

Ansh Pandey by Ansh Pandey
March 22, 2023
in Europe, Geopolitics, Global Issues, Russia
Russian tankers
Share on FacebookShare on X

The transportation of oil by unidentified tankers through the Gulf of Finland has become a growing concern after the G7 implemented a $60 price cap on Russian oil and the EU and UK imposed a ban on the seaborne import of Russian crude oil. This has led to an increase in long-distance shipments using questionable vessels, which has created significant risks for maritime safety and the environment.

As a result, hundreds of Russian tankers in poor condition are arriving in the already congested Gulf of Finland, which has significantly multiplied the risks for maritime safety and the environment. In the event of an accident and an oil spill, the consequences could fall on countries like Finland and Estonia since the authorities are unaware whether the ”ghost tankers” are adequately insured.

Also Read

North Korea Readies More Soldiers for Russia, but Seoul Says Nothing Has Moved Yet

A borrowed satellite and 400 missiles: how Beijing and Moscow are keeping Iran in the fight

Musk blocks Ukraine’s Starlink access for deep strikes inside Russia — what it means

Read More: Finland threatens NATO

Lieutenant commander Tuomas Luukkonen of the Gulf of Finland coast guard emphasized that the crew of some of these vessels may not have sailed in the area before, which poses a risk for an accident. This is a significant concern, considering the significant increase in shipping companies that have appeared during the last six months.

(Source: Euractive)

Ulla Tapaninen, a Tenured Associate Professor of Maritime Transport at Tallinn University of Technology, added that shipping companies are currently taking care of the oil shipments from Russian ports. However, there has been a significant increase in the number of shipping companies, which are mostly unknown, and this makes it difficult to obtain information about the crew or the condition and age of the vessels.

The fact that these vessels are not stopping at European ports is a significant cause for concern since there is no way to ensure that they meet the necessary safety and environmental standards. Additionally, the lack of insurance coverage for these old vessels makes the transportation of oil more hassle-free but also poses significant risks to the environment and maritime safety.

The West’s concern about Russian oil deliveries is not new, as Russia continues to find new ways to exploit sanctions. This time, Russia is using old oil Russian tankers in shallow gulfs to bypass export sanctions. The Gulf of Finland is seeing old Russian tankers with unanimous ownership travelling to export oil and gas to nations in Asia and the Middle East. Russia’s uninsured exports have jumped to 45%, creating a significant challenge for authorities in the region.

Read More: The Sweden-Finland episode is just another reminder of how adulterous EU nations are!

Despite the concerns of NATO countries like Finland and Estonia, the West has failed to stop Russian oil flow, and they continue to cry foul. However, the fact remains that the use of old Russian tankers and vessels to transport oil poses significant risks to the environment and maritime safety. It is vital that authorities take necessary steps to ensure that these vessels meet the necessary safety and environmental standards and that they are adequately insured to mitigate the risk of any accidents or oil spills. Failure to do so could result in significant consequences for countries in the region and the environment.

 

Tags: EstoniaEUFinlandGulf of FinlandOil tankerRussiasanctions
ShareTweetSend
Ansh Pandey

Ansh Pandey

Associate Editor, tfiglobalnews.com

Also Read

G7 diesel reserve release

G7 Taps Emergency Diesel And Oil Stocks Under US Pressure

October 3, 2026
France student protests erupt outside a French school as demonstrators confront riot police amid flames, smoke and street unrest.

France Student Protests: How The Left Unleashed Anarchy

October 3, 2026
France school protests outside a Paris school, with student demonstrators facing riot police amid smoke, flames, and barricades.

France School Protests: Why About 400 Schools Are Shut

October 2, 2026
Chinese espionage network depicted through covert academic funding, with British researchers, university laboratories, surveillance technology and a concealed exchange of research materials.

How Beijing Paid British Academics to Build Its Spy Machine

October 2, 2026
UK Parliament and European Union institutions facing each other across the River Thames, symbolising the debate over UK rejoining EU.

Explained: United Kingdom Renewed Bid to Rejoin the European Union

October 2, 2026
Saudi and UAE officials shake hands in Riyadh as missiles launch and fires burn across the Red Sea backdrop, highlighting renewed Gulf diplomacy amid the Yemen conflict.”

As Houthi Missiles Rain Down on Saudi Arabia, UAE Vice President Flies into Riyadh to Heal Yemen Rift

September 30, 2026
Youtube Twitter Facebook
TFIGlobalTFIGlobal
Right Arm. Round the World. FAST.
  • About Us
  • Contact Us
  • TFIPOST – English
  • TFIPOST हिन्दी
  • Careers
  • Brand Partnerships
  • Terms of use
  • Privacy Policy

[tfi_copyright]

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Indo-Pacific
  • Americas
  • Canada
  • Indian Subcontinent
  • West Asia
  • Europe
  • Africa
  • The Caribbean
[tfi_websites]

[tfi_copyright]

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. View our Privacy and Cookie Policy.