Russian ships switch flags at record rate on sanctions scrutiny
Many Russian-flagged ships switched flags to other countries in March as Russian vessels from oil tankers to multimillion-dollar yachts owned by oligarchs have stopped transmitting.
By K. Oanh Ha, Bloomberg News
Many more Russian-flagged vessels than usual switched their flags to other countries in March, possibly to conceal their ties to Moscow and avoid being caught up in sanctions over the invasion of Ukraine, according to maritime consultancy Windward Ltd.
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