How Greek Businesses and Ghost Ships Are Favoring Russia

Credit: Hesan Mohamadi/Unsplash

But many more of the oil tankers—79—were Greek-owned.
That seriously undermines the sanctions—and creates risks on the high seas.
They had been loaded with Russian oil by smaller tankers travelling from the Black Sea ports of Novorossiysk, Tuapse, and Taman, Lloyd’s found.
The Greek shipping companies making a quick buck on Russian crude have only a couple of weeks until the EU and U.S. ban on crude comes into effect.

Moscow has been able to avoid sanctions and...