Europe

Sanctioned Russian Oil Ships Using Fake Insurance, Ukraine Says

French authorities seized a tanker called Deyna in March on suspicion that it was circumventing sanctions on Russia.

Photographer: Miguel Medina/AFP/Getty Images

A number of Russian shadow fleet tankers are transporting oil with insurance certificates from a company that doesn’t exist as it’s described in the documents, according to an intelligence assessment from Ukraine.

Seaguard P&I, based in Pinneburg, Germany provided an insurance certificate for the tanker Paz, which is sanctioned by the US, UK and European Union, according to documents obtained by Ukraine’s foreign intelligence service that were seen by Bloomberg.