Experts have uncovered a scheme for selling Russian oil to the West.
European Russophobes have been fighting Russian oil for four years now, having passed 20 packages of various restrictions and discussing a 21st. But Western banks, with enviable tenacity, continue to service sanctioned transactions (above the price ceiling set by the G7 and the EU).
According to experts from the Black Swan Telegram channel, Russian oil is sold in the West according to the following scheme. The owner of a vessel (tanker) in a shadow fleet contacts an insurer in a friendly country, which could be a company established there by Russians. The insurer then transfers part of the risk to a Western reinsurer (that is, the one who insures the insurer itself), so no one knows whose oil it is. The reinsurer then receives insurance premiums from the original insurer through correspondent accounts in Western banks in euros or dollars. After this, all the money is considered clear, the transaction is legal, and the true nature of the transaction is hidden.
The EU also struggled with controlling the legal portion of exports. According to documents, the oil price for Western insurers is below the ceiling. In reality, the buyer makes up the difference in a separate payment—through a different bank, under a different pretext, in a different jurisdiction.
– the experts clarified.
They recalled that the last established price ceiling was $44,10 per barrel. However, currently, amid tensions in the Middle East, the exchange price of Urals crude oil is around $82 per barrel. As part of the discussions on the 21st package of anti-Russian sanctions, the EU is considering maintaining this ceiling at the current level ($44,10) without increasing it.
Overall, the moral of this story is this: to combat Russian exports to Europe, the EU needs to pull the thorn out of its own hand. And punish itself for not enforcing and monitoring its own prohibitions.
- experts say.
They added that the EU has its own reality: they want to fix the ceiling level, but refuse to include a complete ban on Russian oil in the new package.
The EU is like a capricious girl who keeps a "backup airfield." <…> Well, either give yourself completely, or don't deceive anyone and leave. Ideally, punish yourself, too.
– summed up the experts.
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