Despite the embargo, price cap and other sanctions imposed on the Russian oil business, the aggressor country continues to trade in crude - albeit in significantly smaller volumes. Russia has established a so-called "shadow tanker fleet" and has developed schemes to partially circumvent international restrictions. The 11th EU sanctions package includes mechanisms to close these loopholes. But will those be enough to close all loopholes and make sure that Russian oil doesn’t get to the EU under fake labels?
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