Russia still relies on Europe to ship its oil

29 Sep 2023 CW Team

Russia remains dependent on European shipping to transport its oil, even as its oil supplies exceed the price caps set by the Group of Seven (G7), as reported by researchers. Approximately two-thirds of Russian crude oil and petroleum products are being transported by vessels that are insured or owned by nations adhering to the price caps imposed by the G7 and its allied countries, according to findings from the Helsinki-based Centre for Research on Energy and Clean Air (CREA).

This reliance on European shipping highlights Moscow's continued heavy usage of the European shipping industry for its oil transportation needs. The G7 price cap was devised with the aim of ensuring a sufficient flow of oil to the global market while restricting revenue to the Kremlin. However, in addition to the use of Western vessels, Russia has also assembled what is colloquially known as a "shadow fleet" of tankers operating outside the jurisdictions of countries imposing sanctions.

These shadow tankers tend to focus on shorter-distance oil transport routes, where the same tanker capacity can efficiently move more supply, as noted by CREA. This innovative approach allows Russia to navigate the challenges posed by international sanctions while maintaining its oil export activities.

The continued reliance on European shipping and the strategic use of shadow tankers underscore Russia's efforts to adapt to evolving geopolitical circumstances and sanctions, ensuring the continued flow of its vital oil exports to global markets.

Technology

28 Oct 2025

Building Faster, Smarter, and Greener!

Backed by ULCCS’s century-old legacy, U-Sphere combines technology, modular design and sustainable practices to deliver faster and more efficient projects. In an interaction with CW, Rohit Prabhakar, Director - Business Development, shares how the company’s integrated model of ‘Speed-Build’, ‘Smart-Build’ and ‘Sustain-Build’ is redefining construction efficiency, quality and environmental responsibility in India.U-Sphere positions itself at the intersection of speed, sustainability and smart design. How does this translate into measurable efficiency on the ground?At U..

Smart Roads, Smarter India

India’s infrastructure boom is not only about laying more kilometres of highways – it’s about building them smarter, safer and more sustainably. From drones mapping fragile Himalayan slopes to 3D machine-controlled graders reducing human error, technology is steadily reshaping the way projects are planned and executed. Yet, the journey towards digitisation remains complex, demanding not just capital but also coordination, training and vision.Until recently, engineers largely depended on Survey of India toposheets and traditional survey methods like total stations or DGPS to prepare detai..

What Does DCPR 2034 Mean?

The Maharashtra government has eased approval norms for high-rise buildings under DCPR 2034, enabling the municipal commissioner to sanction projects up to 180 m on large plots. This change is expected to streamline approvals, reduce procedural delays and accelerate redevelopment, drawing reactions from developers, planners and industry experts about its implications for Mumbai’s vertical growth.Under the revised DCPR 2034 rules, buildings on plots of 2,000 sq m or more can now be approved up to 180 m by the municipal commissioner, provided structural and geotechnical reports are certified b..