Stories that are getting the most attention from our readers this month.
The International Crisis Group tracked over 500 tanker movements using AIS satellite data, open-source intelligence, and interviews with shipping insiders and sanctions experts conducted over six months. Their analysis shows Russia's shadow fleet evading Western sanctions to export more than 3 million barrels of oil per day in early 2026, generating approximately $150 billion annually. This revenue directly sustains Russia's military operations in Ukraine by funding its war economy. The findings highlight how illicit oil trade undermines global sanctions efforts and contributes to elevated energy prices worldwide.
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