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 are designed to disrupt the flow of oil revenue that funds Russia’s war efforts in Ukraine, with the UK government estimating that these tankers have moved $24 billion worth of oil since early 2024. The sanctions also target Lukoil’s Dubai-based trading arm and a shipping company operating flag registries used by the shadow fleet. This move is part of a broader Western effort, including the EU, to tighten enforcement and close loopholes in sanctions against Russia’s energy sector.
Analysts note that while enforcement remains challenging, the crackdown aims to further isolate Russia economically and limit its ability to finance its military operations.
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