The United Kingdom has imposed a major new round of sanctions targeting Russia's so-called 'shadow fleet'—a network of 135 oil tankers and two associated companies used to secretly transport Russian oil and evade existing international restrictions.
These measures aim to disrupt the flow of oil revenue that helps fund Russia's war effort in Ukraine, with the sanctioned vessels reportedly moving $24 billion worth of oil since early 2024. The crackdown also includes sanctions on shipping and trading firms linked to the shadow fleet, and is part of a broader Western effort, alongside the EU, to tighten enforcement and close loopholes in sanctions against Russia. The move is expected to impact global shipping markets and further isolate Russia's energy sector.
UK officials describe the action as a significant blow to President Putin's ability to finance the ongoing conflict.
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