China and Russia have come together for a new shipping route between Ningbo, China, and Felixstowe, in the U.K. The new path could cut shipping times in half.
Shadow fleets, groups of tanker ships used by sanctioned nations like Iran and Russia to move oil, comprise an estimated 17% of all international tankers, according to an Allianz report.
Charles Hecker, a geopolitical risk consultant, says a lot of questions about the country’s future need resolving before Western businesses put down long-term roots there again.