The United Kingdom has announced a major new wave 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 choke off billions in oil revenues that fund the Kremlin’s war efforts in Ukraine. The sanctions also target companies involved in flag registries and oil trading, including Lukoil’s Dubai-based arm. This move is part of a broader Western effort, alongside the EU, to disrupt Russia’s ability to bypass sanctions and maintain its energy exports.
Analysts say the crackdown could have significant impacts on global shipping and insurance markets, as well as on Russia’s ability to finance its ongoing military operations.
.Here are the top political news stories for today.
Be the first to reply to this general discussion.
Join in on more popular conversations.
