NSA Singh: US Looking At Actions To Target Russia's 'Shadow Fleet'

Wires carrying comments from White House Deputy National Security Adviser For International Economics, Daleep Singh, on a range on issues related to Russia sanctions. Singh, a primary achitect of G7 sanctions on Russia, recently returned to the position, which reports to both the National Security Council and the National Economic Council, following a period in the private sector - likely reflecting White House concerns that Russia has navigated sanctions without major economic fallout.

• Singh: “We are facing sobering potential that Russia’s military industrial complex grows stronger than it was before Ukraine war... US actively exploring options to broaden definition of financial facilitation in sanctions regime given Russia’s moves to shift its economy to war footing.”
• Notably, Singh says: “US and partners [are] prepared to use sanctions and export controls to prevent China-Russia trade that threatens our collective security.”
• Singh: “US and partners can take further action to increase cost of Russia using shadow fleet to evade G7 oil price cap.”
• On Russia's shadow fleet, The Spectator notes: "The tanker fleet used by Russia is vast and expanding. It grew by 17 per cent this year to 787 vessels, according to ship broker BRS (equivalent to nearly 14 per cent of the world’s total tanker tonnage). Every one of these ships is, almost certainly, violating international sanctions in the form of the oil price cap."
• Singh: “G7 summit represents best opportunity to close Ukraine’s financing gap by mobilizing frozen Russian assets.”