Episode 15: Countering Russia's Shadow Fleet and the Limits of Sanctions
How has Russia managed to keep its oil exports flowing despite sanctions and what can governments do to more effectively disrupt the shadow fleet?
As Russia adapts its energy exports to withstand sanctions pressure, a parallel maritime system has emerged to keep oil flowing across global markets.
In this episode of the Suspicious Transaction Report, CFS Research Fellow Gonzalo Saiz is joined by Michelle Wiese Bockmann, Senior Maritime Intelligence Analyst at Windward, and Claire Grunewald, Co-Founder of Clarity Compliance Consulting and a former Sanctions Compliance Officer at OFAC, to examine how Russia’s shadow fleet emerged, the tactics it uses to evade sanctions and continue moving oil despite international restrictions, and what governments can do to disrupt its operations as Russia’s war in Ukraine enters its fifth year.
Podcast Series
Suspicious Transaction Report
This podcast explores the financial dimensions of today’s leading transnational security challenges. Host Tom Keatinge and the team from the Centre for Finance and Security at RUSI bring you unique insights on the challenges posed by illicit finance and practical analysis of the policy responses. They interview top thinkers and influential voices who unpack the complex world of money laundering, corruption, sanctions evasion and illicit flows, and explain how this shapes the evolving global security landscape, and what democracies and international institutions must do to stay ahead when it comes to the financial dimensions of the global threat outlook.
View the podcast series
HOST
Gonzalo Saiz Erausquin
Research Fellow
Centre for Finance and Security
