Russia Regime Risk Insights – January 2023

Windward’s Russia Risk Insights is a monthly update on risk at sea, offering an overview of any emerging behavioral trends in developing hubs prone to illicit activity in the context of the extended sanctions on Russia.

The new January 2023 insights from Windward’s Russia Risk Report continue to show how the West is still avoiding doing business with Russia. China, India and South Korea have been picking up the slack, as the volume of crude oil shipments have steadily increased since the war began and the price cap regulations were implemented.