Russian Lukoil Adds 25 Old Tankers to Its Shadow Fleet — Financial Times
Journalists discovered that each of these tankers was purchased by a separate offshore company, which was linked to one or even several other firms.
The ships were operated by Dubai-based companies owned by a Pakistani shipping entrepreneur who is currently facing prosecution in British courts for defrauding investors.
All purchases were financed by Dubai’s Eiger Shipping DMCC, which belongs to Litasco Middle East DMCC, the Middle Eastern branch of Lukoil’s oil trading division. Eiger provided upfront funding by pre-chartering the vessels being prepared for acquisition.
Journalists estimated that Lukoil spent over $700 million on these tankers.
Since their purchase, the vessels have been used almost exclusively to transport Russian oil, with 82% of the shipments being Lukoil oil, totaling around 119 million barrels. At $60 per barrel, this amounts to nearly $7.2 billion.
A key figure in this scheme was British accountant John Ormerod. His firm, Ormerod Allen & Co., has provided financial services to the shipping industry since 1990.
In total, Russia’s shadow fleet consists of more than 400 tankers. Despite increasing efforts by Western countries to target individual vessels through sanctions, oil companies shield them behind so many shell firms that it is extremely difficult to prove their connection to Russia.
Having endured 14 months in brutal Russian captivity, kidnapped Journalist Viktoria Roshchyna has reportedky died in Russian prison.
Authorities have confirmed that she was among those to soon be exchanged and was “expected to be home soon.”
“Her return had been agreed upon, and the last known information was that she had been transferred to ‘Lefortovo’ in preparation for her return home,” Yusov said, yet the circumstances of her death are still unknown.
Roshchyna had gone missing during a trip to the occupied territories but later revealed to have been taken prisoner by the Russians.
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I sort of suspected
⚡️ Journalist Roshchyna, who died in Russian captivity, held in 'one of the most brutal detention centers,' NGO says.
Viktoria Roshchyna, a Ukrainian journalist who died in Russian captivity, was held in Russian detention centers where torture is used against the prisoners, the Media Initiative for Human Rights said on Oct. 11.
81% of Ukrainians believe in victory
Now human animals are threatening FEMA workers.
https://open.substack.com/pub/joycevance/p/hurricane-rumor-response?r=70k1h&utm_campaign=post&utm_medium=email
I thought he was completely batty when he started talking about movie characters as if they were real.
https://www.palmerreport.com/analysis/donald-trump-goes-completely-batty/58482/
He should be charged with a whole bunch of counts of manslaughter
One of many issues we have with your corrupt court
https://www.palmerreport.com/analysis/john-roberts-is-out-to-lunch/58481/
I am a Democrat who supports Ukraine in their battle against The Russian Z fascist invaders.
I am a 73 year old Covid hermit who
lives on 10 acres in a sparsely populated area of the Ozarks. I heat with wood that is leftover by the lumber industry. When cutting oak for lumber only the trunk is used.
The largest town is population 2992. The county is 13k people scattered over 713 square miles.