Cyprus Times

Suspected Oil Transfer Practices off Cyprus Circumvent International Sanctions

Published January 21, 2026, 13:14
Suspected Oil Transfer Practices off Cyprus Circumvent International Sanctions

Reports of suspicious Ship-to-Ship (STS) oil transfer practices off the coast of Cyprus are raising concerns about potential violations of international sanctions against Russia. While STS transfers are not inherently illegal, they have become linked to the so-called 'shadow fleet' and the circumvention of sanctions. Information suggests that a Cyprus-based company is involved, utilizing specialized equipment to fuel tankers outside of Cypriot territorial waters. Authorities are investigating the matter, but the issue is primarily political and strategic, as the line between oversight and tolerance becomes increasingly blurred. Germany has already taken action by denying entry to Russian tankers in its territorial waters.