The United Kingdom has announced 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.
The move aims to disrupt the flow of billions of dollars in oil revenue that helps fund Russia's war efforts in Ukraine. The sanctions also target trading arms and shipping companies linked to Russia's energy sector, including Lukoil's Dubai-based unit. This coordinated action, supported by the EU, is part of a broader Western effort to tighten enforcement and close loopholes in sanctions regimes.
Analysts say these measures could significantly impact Russia's ability to export oil and generate critical revenue.
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