HomeMediaLatest News"The Russian ingenuity": how to circumvent sanctions

"The Russian ingenuity": how to circumvent sanctions

24 June 2022

Gromov Alexey I. Principal Director on Energy Studies, Head of the Energy Department
Тип: Interviews

Alexey Gromov, Principal Director on Energy Studies of the Institute for Energy and Finance, in an interview with Sputnik radio, spoke about how sanctions can be circumvented.

The expansion of sanctions against Russia is still being discussed by the EU countries, but a way to circumvent some of the possible restrictions has already been found, this opinion was expressed in an interview with Sputnik radio by energy market expert Alexey Gromov.

“Russia, together with its foreign partners, has developed schemes for absolutely legal circumvention of direct sanctions restrictions imposed by Western countries. Another thing is that Western countries themselves understand this. They already directly say that as part of subsequent sanctions measures against Russia, work on which has already begun, secondary sanctions may appear," Alexey Gromov explained in an interview with Sputnik radio.

In particular, restrictions may apply to those states that facilitate Russian oil exports, the expert said. However, secondary sanctions can also be circumvented, Aleksey Gromov believes. He named one way to do it.

"Traditionally, Russian oil was delivered to the ports of Europe by tankers of relatively small displacement, and then reloaded onto supertankers for further transportation. We can do this even now, but when pumping oil on water, no one bothers us to load into this supertanker not only Russian, but also ", for example, Middle Eastern oil. Then it already turns out to be a tanker not with Russian oil, and the fuel will not fall under sanctions, even secondary ones. There opens up a wide scope for the use of Russian ingenuity, against which Western logic does not work," Alexey Gromov believes.

Gromov Alexey I. Principal Director on Energy Studies, Head of the Energy Department
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