Part 4/9:
On the diplomatic front, Zion addressed the recent announcement from the United States and the European Union regarding new sanctions targeting Russia's shadow fleet. This fleet, consisting of older, often uninsured tankers, has been implicated in secretly exporting significant quantities of Russian oil, estimated between 3 to 4 million barrels a day. These sanctions aim to dissuade countries like India and China from purchasing Russian crude, and although they pose an immediate impact, Zion emphasized the historical tendency of Russia to adapt and find new ways around sanctions.