In July 2025, the share of G7+ countries in maritime shipments of Russian oil significantly increased, reaching 55% compared to 36% in January. This indicates a strengthening role of G7+ in overseeing energy resource shipments from Russia; however, the issue of the so-called ‘shadow fleet’ remains unresolved.
This is reported by Business • Media
Strengthening Control by G7+ and Risks of Aging Tankers
In July, 25.3 million tons of Russian oil were shipped by sea. More than half of this volume was transported by tankers owned or insured by G7+ countries. The share of such vessels in crude oil shipments rose to 42% in July compared to 17% in January. Against this backdrop, the volumes transported by the ‘shadow fleet’ for crude oil decreased from 83% in January to 58% in July.
Despite the positive trend, ‘shadow’ vessels remain a significant problem for the ecology and financial security of coastal states. Old and inadequately insured tankers pose a considerable risk of marine pollution, as in the event of an accident, the costs of cleaning up oil spills and compensations for affected countries could exceed €1 billion.
In July, the share of G7+ in Russian oil shipments increased from 36% to 55% compared to January, but aging vessels of the ‘shadow fleet’ remain a serious threat, notes the Center for Research on Energy and Clean Air (CREA).
Major Buyers of Russian Oil in July
The average price of Russian Urals oil in July remained at $65.1 per barrel. China continues to be the largest importer of Russian oil, accounting for 42% (€6.2 billion) of Russia’s monthly export revenues among the top five buyers. In addition to China, the main buyers include India, Turkey, European Union countries, and Saudi Arabia. Within the EU, Hungary recorded the highest volume of Russian oil imports.