The critical cog in Putin's machine and how British firms help to keep Russian gas flowing into Europe

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The Yakov Gakkel tanker travels back and forth between Siberia and Europe, through winter and summer, and is part of the explanation for why the continent never ran out of gas.

This is the story of how an obscure company based in an office block on a quiet street in Glasgow became an accessory in Vladimir Putin's war on Ukraine. It is the story of how Europe and Russia remain locked in a tense relationship of economic dependence, even as they supposedly cut their ties. It is the story of the uncomfortable truth behind why the cost of living crisis came to an end. But before all of that, it is the story of a ship - a very unusual ship indeed.

Perhaps this explains why the continent's politicians have, so far, stopped short of banning imports of Russian gas: they are aware that their economy would struggle to withstand another sharp spike in inflation - which would almost certainly eventuate if it stopped taking Russian gas altogether. This week, European leaders agreed to stop allowing Russia to use its ports to 'trans-ship' its LNG - essentially acting as a stop-off point towards other destinations.

 

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