Finance
Suspected Russian shadow fleet tanker GRINCH allowed to leave France after paying fine
Published by Global Banking & Finance Review®
Posted on February 17, 2026
1 min readLast updated: February 17, 2026
Home > Finance > Suspected Russian shadow fleet tanker GRINCH allowed to leave France after paying fine
Quick Summary
The GRINCH tanker, suspected of breaching sanctions, was released by France after a hefty fine, underscoring the challenges of Russia's shadow fleet.
French Authorities Allow GRINCH Oil Tanker to Depart After Fine
Details of the GRINCH Tanker Incident
MARSEILLE, France, Feb 17 (Reuters) - French authorities have let the seized oil tanker GRINCH leave territorial waters after the company owning the vessel had to pay a penalty worth "several million euros," French Foreign Minister Jean-Noel Barrot said on Tuesday.
Background on the Seizure
"Circumventing European sanctions comes at a price. Russia will no longer be able to finance its war with impunity through a ghost fleet off our coasts," Barrot said in a post on X.
Consequences of Circumventing Sanctions
The vessel named GRINCH was seized in the Mediterranean on last month, and then diverted to anchor off the French port city of Marseille, on suspicion of being part of the shadow fleet that lets Russia export oil despite sanctions.
Company's Justification for Flag
The vessel had left the Russian port of Murmansk in early January, sailing under a Comoros flag, French authorities have said.
The company owning the ship was ordered to pay a penalty for not being able to justify its flag, French authorities added in a statement.
(Reporting by Marc Leras and Inti Landauro;Editing by Sudip Kar-Gupta)
Key Takeaways
- •The GRINCH tanker was seized by French authorities.
- •The vessel was suspected of circumventing European sanctions.
- •The company paid a fine of several million euros.
- •The tanker sailed under a Comoros flag.
- •The incident highlights issues with Russia's shadow fleet.
Frequently Asked Questions about Suspected Russian shadow fleet tanker GRINCH allowed to leave France after paying fine
1What is a shadow fleet?
A shadow fleet refers to a group of vessels that operate under the radar, often to circumvent sanctions or regulations, allowing countries to continue trade despite restrictions.
2What are international sanctions?
International sanctions are penalties imposed by countries or international organizations to influence or punish a nation, often in response to violations of international law or human rights.
3What is oil tanker seizure?
Oil tanker seizure is the act of detaining a vessel transporting oil, typically due to legal or regulatory violations, such as breaching sanctions or operating without proper documentation.
4What is a penalty in financial terms?
A penalty in financial terms refers to a monetary charge imposed for violating laws or regulations, often as a deterrent against non-compliance.
