Jeremy Paner Discusses Potential Easing of Russian and Iranian ‘Shadow Fleet’ Sanctions with Financial Times
U.S. considers measures that could allow sanctioned tankers to return to global trade.
Highlights
The U.S. is considering measures to ease restrictions on sanctioned “shadow fleet” tankers linked to Russia and Iran.
The measures could include authorizing the sale of blacklisted vessels to legitimate operators and removing sanctions on those vessels on a case-by-case basis.
Paner discussed how facilitating the purchase of sanctioned tankers could avoid issuing new authorizations linked to Russia.
Jeremy Paner spoke with the Financial Times about potential changes to U.S. sanctions on “shadow fleet” tankers – vessels used to transport sanctioned oil – linked to Russia and Iran.
The article examines measures under consideration that could allow sanctioned vessels to be sold to legitimate buyers and returned to the global commercial shipping industry as the administration seeks to increase shipping capacity and lower fuel costs.
Paner said that by facilitating the purchase of sanctioned tankers in the shadow fleet, the administration could potentially remove the “bad look” of issuing new authorizations linked to Russia.
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