Business Standard

Ships in Iran, Venezuela shadow trade supplied Russian oil to India

Supplies of Russian oil to India are arriving on vessels that were earlier used to ply crude oil produced by Iran and Venezuela, both of which have been under US sanctions for years

Crude oil
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Photo: Bloomberg

S Dinakar New Delhi
What’s common among Snow Lotus, Turaco, Eternal Peace, Thalia 111, and Limo?  These are among the 90 or so oil tankers, which transported Russian oil to India in the past few years but were previously involved in the Iranian/Venezuelan shadow trade in sanctioned crude shipments.

This batch of vessels, which has earned sobriquets of “ghost fleet” and “dark fleet”, came handy as Asian countries led by India and China sought alternate ways to secure discounted Russian oil as the US sanctions on Moscow intensified, according to ship tracking agencies and industry sources. That doesn’t necessarily mean that these tankers were named

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