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 used to secretly transport Russian oil and evade existing international restrictions.
These measures aim to disrupt the flow of billions of dollars in oil revenue that help fund Russia's war efforts in Ukraine. The sanctions also target entities facilitating the operation of these vessels, including shipping and trading firms, and are part of a broader Western effort to tighten enforcement and close loopholes in the sanctions regime. The move is expected to impact global shipping markets and increase scrutiny on vessel insurance and flag registries.
UK officials describe the action as a significant blow to President Putin's ability to finance his military operations.
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