04 Apr 2024
9m

How the 'shadow fleet' helps Russia skirt sanctions

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The Indicator from Planet Money

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This podcast episode explores the growing problem of the shadow fleet in the shipping industry. The shadow fleet refers to a group of ships that operate outside of the normal regulatory framework and engage in deceptive practices to evade sanctions and engage in illegal activities. It has grown in recent years due to sanctions on countries like North Korea, Venezuela, Iran, and Russia, and poses a threat to global shipping and the environment. Despite efforts to combat the shadow fleet, it continues to thrive, highlighting the need for coordinated action and enforcing sanctions to protect maritime safety and prevent chaos on the high seas.
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