How Russia Avoids Oil Sanctions: Transfer-At-Sea To “Destination Unknown”

Source: How Russia Avoids Oil Sanctions: Transfer-At-Sea To “Destination Unknown” | ZeroHedge

“The use of the destination unknown label is a sign that the oil is being taken to larger ships at sea and unloaded, analysts and traders said. Russian crude is then mixed with the ship’s cargo, blurring where it came from. This is an old practice that has enabled exports from sanctioned countries such as Iran and Venezuela…

This is yet another look at how sanctions don’t work. The oil gest through, but the added costs drive up the costs.”

Verbazingwekkend… -DGZ-