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Germany Seizes Russian ‘Shadow Fleet’ Oil Tanker in Sanctions Crackdown
German authorities have seized the Panama-flagged oil tanker Eventin, which had been anchored off Germany’s Baltic Sea coast since January, amid suspicions that it was part of Russia’s so-called “shadow fleet” used to evade Western sanctions.
Tanker Confiscated After Months at Sea
The Eventin was initially towed to safety by a German tugboat in January after it was found adrift in heavy seas off the Baltic coast. Following months of scrutiny, German customs officials confirmed the confiscation of both the vessel and its cargo—approximately 100,000 tons of crude oil valued at over €40 million.
According to security sources cited by Der Spiegel, the German government issued a confiscation order through the General Customs Directorate. The move is seen as a firm stance against Russian attempts to bypass international sanctions designed to curb its oil revenues.
Sending a Message to Russia
Officials in Berlin reportedly decided to seize the ship after it was formally listed as part of Russia’s shadow fleet in February. The German government and Foreign Ministry view the action as a clear message to Moscow that it will not tolerate Russian oil transit through the Baltic Sea under questionable circumstances.
The shadow fleet consists of aging tankers, often owned by obscure entities based in non-sanctioning nations such as the United Arab Emirates or the Marshall Islands. These vessels are typically registered under flags of convenience in countries like Gabon or the Cook Islands and insured by Russian or non-Western providers.
Some of the fleet is linked to Sovcomflot, Russia’s state-owned shipping company, and is primarily used to circumvent the $60 per barrel price cap imposed by Western allies. This price cap aims to limit Russia’s oil profits while ensuring global energy markets remain stable.
Russia’s Shadow Fleet and Economic Impact
Despite the sanctions, Russia has managed to continue profiting from oil exports. Estimates suggest over 400 shadow fleet ships are operating worldwide, helping Moscow bypass price restrictions.
According to the Kyiv School of Economics, Russian oil exports averaged $64 per barrel in early 2024, exceeding the imposed cap. As a result, the Kremlin generated an additional $9.4 billion in revenue, with total oil export earnings averaging $16.4 billion per month in the first 11 months of 2024—5% higher than the same period in 2023.
This influx of funds has significant implications for Russia’s economy and its ongoing war in Ukraine. Oil revenue has helped stabilize the Russian budget, sustain the ruble’s value, and maintain a trade surplus. Crucially, it also provides financial support for military expenditures, including weapons production.
Broader Sanctions Efforts Continue
Western governments continue to monitor and impose stricter measures on Russia’s shadow fleet, seeking to close loopholes in existing sanctions. While the Kremlin has remained silent on the issue, Germany’s confiscation of the Eventin marks one of the most direct actions taken against Russia’s sanction-evasion tactics in recent months.
As geopolitical tensions persist, the effectiveness of such crackdowns will be closely watched, with further enforcement efforts expected across Europe and beyond.
News
EU Must End ‘Naivety’ on Trade and Confront China’s Industrial Strategy, Says French Minister
France’s Minister for Foreign Trade, Nicolas Forissier, has called on the European Union to abandon what he described as “naivety” in its approach to global trade, urging a tougher stance on countries accused of distorting markets through industrial policy and trade practices.
Speaking in an interview with Euronews’ 12 Minutes With programme, Forissier said Europe must respond more firmly to what he described as the weaponisation of trade dependencies, warning that China in particular could damage its own long-term interests by undermining European industry.
“The Chinese have to understand that they won’t win anything if they destroy the European industry and then the European market, which is an essential market for them,” he said. “We must no longer be naive.”
His comments come as the European Commission prepares to hold an “orientation debate” next week on how to respond to a surge of low-cost Chinese imports. The discussion is expected to shape possible new trade defence measures, with further talks likely when EU leaders meet in Brussels in mid-June.
Forissier said the shift in thinking was not limited to China alone but applied to any country using commercial leverage to gain strategic advantage. “It is not only China,” he said. “It is all the countries that weaponise trade.”
Among the proposals under consideration is a requirement for EU companies to diversify supply chains, sourcing components from at least three different suppliers in order to reduce dependency on any single foreign market. Asked whether he supported such a measure, Forissier replied: “Yes, we have to.”
Other options include targeted tariffs on sensitive industries such as chemicals, alongside stronger use of anti-dumping and anti-subsidy tools to counter imports priced below domestic market levels. These measures are designed to address concerns over overcapacity in China’s industrial sector and its impact on European manufacturers.
The debate is taking place against a backdrop of widening trade imbalances. EU goods imports from China exceeded exports by €359.3 billion in 2025, marking an increase of nearly 20% compared with the previous year.
China has already warned it could retaliate if the bloc imposes new restrictions, raising concerns about potential escalation in trade tensions between two of the world’s largest economies.
France has repeatedly pushed for a more assertive European trade policy, arguing that state subsidies, export controls on raw materials and industrial overproduction in major economies are distorting global markets.
Forissier stressed that Europe must maintain open dialogue with Beijing while defending its own industrial base. “We try to respect the Chinese,” he said. “The Chinese have to respect us, and this is the message European institutions have to send.”
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