The Western oil tankers that fund Putin's war episode artwork

EPISODE · Jul 30, 2025 · 21 MIN

The Western oil tankers that fund Putin's war

from Follow the Money: The Podcast · host Emma du Chatinier, Alexander Fanta, Birte Schohaus

Since the start of the war in Ukraine, Russia has generated over 900 billion euros from fossil fuel exports – funds that have helped sustain its military aggression. To circumvent Western sanctions on oil trade, it had to build a ‘shadow fleet’ of hundreds of old oil vessels. Led by Follow the Money’s Birte Schohaus, Jesse Pinster and Dimitri Tokmezis, an international team of investigative reporters has followed the money trail of the shadow fleet. They revealed – amongst others – that Western shipowners have profited significantly, earning over 6 billion dollars from the sale of oil tankers to Russia’s shadow fleet.Related stories ➪https://www.ftm.eu/articles/who-is-behind-the-russian-shadow-fleethttps://www.ftm.eu/articles/infrastructure-northsea-european-companies-russian-mappinghttps://www.ftm.eu/articles/north-sea-3-interview-with-christian-buegerFollow the podcast:https://www.ftm.eu/podcast/follow-the-money-the-podcastFollow FTM on social media:Instagram ➪ https://www.instagram.com/followthemoney_eu/BlueSky  ➪ https://bsky.app/profile/ftm.euLinkedIn ➪ https://www.linkedin.com/company/follow-the-money-eu/Become a member and support independent investigative journalism!https://www.ftm.eu/subscribeFollow Birte Schohaus BlueSky:birteschohaus.bsky.socialFollow Alexander FantaBlueSky: alexfanta.bsky.social

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The Western oil tankers that fund Putin's war

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This episode is 21 minutes long.

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This episode was published on July 30, 2025.

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Since the start of the war in Ukraine, Russia has generated over 900 billion euros from fossil fuel exports – funds that have helped sustain its military aggression. To circumvent Western sanctions on oil trade, it had to build a ‘shadow fleet’ of...

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