OLIVIA

During the period of the G7 and EU oil embargo and the price-cap policy on russian oil, the tanker is involved in the export of oil to third countries from russian ports in the Baltic and Black Seas, and resorts to the practice of turning off the AIS signal, conducting so-called 'dark activities' at sea.
The vessel is certified by the Korean Register (IACS). The international NGO Greenpeace refers to the tanker as a shadow fleet.
Oil exports from russia are the most important source of income for the kremlin regime to finance its war against Ukraine. The tax on oil production collected by the russian federation in 2023 amounted to 8.9 trillion rubles, or 31% of total federal revenues.
According to CREA data for September 2024, russia's revenues from crude oil exported by sea amounted to 192 million euros per day, 86% of the total volume of russian marine crude oil was transported by 'shadow' tankers, while tankers owned or insured in countries that impose price restrictions accounted for 14% of the total value of russian oil exported in September.
Thus, russia's shadow fleet continues to generate billions of dollars in revenue for the kremlin by circumventing sanctions, disguising its activities under the flags of third countries, using complex schemes to conceal owners, and poses significant environmental threats with significant economic costs to coastal countries and/or the international community due to the outdated and inadequate insurance of shadow fleet tankers.

Yes

Yes

Jinzhou Wan (PRC), Muara Harbor (Brunei), Yantai (PRC), Zhoushan (PRC), Port Said (Egypt), Zeytinburnu (Turkey), Chennai (India), Beirut (Lebanon), Kozmino (russia), Primorsk (russia), Adabiya (Egypt), New Mangalore (India), Maday (Myanmar), Visakhapatnam (India), Jamnagar Terminal (India), Dung Quat (Vietnam)