LORD BEBO: Sanctioned products cannot be transported by ships anymore with western insurance and by western shipping companies. Eastern shipping companies take over, like the fleet of Chinese ships that now transport Russian oil.

Target: Lloyd’s of London https://t.co/JfvS0wJ0l9

— Tom Luongo (Head Sneetch) (@TFL1728) October 23, 2025

But what do US-EU-UK sanctions on Russian oil actually do? I’ll explain: 1) Sanctioned products cannot be transported by ships anymore with western insurance and by western shipping companies. 2) Eastern shipping companies take over, like the fleet of Chinese ships that now transport Russian oil. 3) These ships now use another insurance, from China or from Russia. (Which was not existent before, or were not widely used) 4) Now the same amount of oil is transported, but without being insured in England and by BRICS ships. That is what they called “shadow fleet”. -> England lost its shipping insurance monopoly, which is very bad for the UK. Starmer celebrates essentially the handover of a British traditional market to BRICS.

https://t.co/XxpTFzGjDo https://t.co/naExhKVUHu

— Lord Bebo (@MyLordBebo) October 23, 2025