Two maritime giants are keeping Russian oil deliveries alive and well

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Written By Jennifer Joslyn

🇷🇺 Two maritime giants are keeping Russian oil deliveries alive and well.

Gatik Ship Management and Fractal Shipping have seemingly sprung out of nowhere to run $2 billion in tanker assets between the two of them. Both of these firms have numerous ship fleets and have been utilizing those fleets to transport Russia’s oil after the West’s sanctions. Notably, the European Union banned seaborne oil imports from Russia at the end of last year in retaliation to Russia’s February 2022 invasion of neighboring Ukraine.

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Jennifer Joslyn
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