Moscow’s ability to maintain its oil trade and finance its Ukrainian war efforts, despite international sanctions, hinges on a fleet of over 600 elderly and poorly maintained vessels. This ‘shadow
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European and US shipowners have capitalised on Russia’s need to circumvent Western sanctions, generating a staggering £4.8 billion through the sale of 230 ageing tankers to Moscow’s “shadow fleet”. The
Western corporations operating in Russia contributed a staggering £2.8 billion in profit taxes during 2023, highlighting the continued financial ties between international businesses and Moscow despite widespread sanctions following the
In a shocking revelation, court documents have unveiled that Russian authorities seized more than $100m (£76m) from Google’s bank accounts in 2022, pushing its Russian entity into bankruptcy. The seized
Western airlines are significantly reducing flights to China due to several factors, including low demand, high costs related to flying around Russian airspace, and growing competition from Chinese carriers. Recently,
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