The United Kingdom has imposed sweeping new sanctions targeting Russia’s so-called 'shadow fleet'—a network of 135 oil tankers and two associated companies—aimed at crippling Moscow’s ability to export oil and fund its war efforts.
These tankers have reportedly transported $24 billion worth of oil since early 2024, helping Russia bypass existing international sanctions. The measures also target Lukoil’s Dubai-based trading arm and a UAE-based shipping company, reflecting a broader Western effort to disrupt the infrastructure supporting Russian oil exports. The sanctions are designed to cut off vital revenue streams to the Kremlin and increase pressure on President Putin’s energy sector.
Analysts note that enforcement remains a challenge, but the move marks one of the most significant attempts yet to dismantle Russia’s illicit oil trade.
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