Comments by "Hardtack \x26 Beans" (@hardtackbeans9790) on "How Russia sidesteps the EU oil embargo with aging tankers | DW Business" video.

  1. The reason some do sink is exactly because they are old. Only a small problem normally. The real problem is the failure to deliver on time, fire at sea, oil spills, there are many things that can go very wrong without sinking. An old ship isn't usually a bad thing. It can be a disaster if not maintained. An oil terminal wants it product on time. Scheduling, futures prices, yada, yada. One major problem & whatever port will allow the russians in, will close quick.
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  2. This will be fun to watch over the next few months & years. These companies & oil customers playing russian like a drum! Decrepit tankers shooting up in price with russia being charged even more. No one will lease, so russia has to buy them outright. Then no company will insure them (many ships uninsurable anyway). Very few ports will allow them to enter. Then russia scrambles to off load to legit tankers for the gray market until they are tracked & hit with secondary sanctions. Then russian finding out they don't need a whole fleet of tankers for the gray market, can't sell the extras now. Countries bleeding them for the last discounted barrel, then kicking russia to the curb like the rest of the world. Think I will get my popcorn for this one!
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  3. Moon Dog '"There are no secondary sanctions for Russian oil' There will be sanctions if not outright seizure of assets for any company dealing with gray market oil.
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